Affiliated Computer Services and Anchor Bay Entertainment - Essay Example

MGT assignment instructions Our compensation project will focus on the Technology industry; this is mainly because as teammembers we all have a common interest in this sector. The ICT sector is making a big success in the current world thus its contribution to the global economy. Base Pay Variable Pay Benefits Performance and Talent management Who would work for whom Affiliated Computer Services $55,000-62,000 None Human Resource Paid time off Performance appraisals Anchor Bay Entertainment $56,000 None Education assistance and work life support Human resource development BFG Technologies $70,000 None Work life support Performance appraisals and training Brunswick Corporation $54,000 None Health medical insurance and Educational assistance Career and succession planning International Business Machines $73500 None Pension plan and Paid time off Human resource development , performance appraisals and succession planning We all decide to work for IBM because of the high base pay and benefits offered Affiliated Computer Services Compensation and Benefits- $55,000-62,000 Human Resource and Paid time off Performance appraisals Compensation philosophies This organization believes in promoting equity through equal treatment of employees Operates its facilities with efficiency Encourages the application of technology in all sectors Negotiates with customers to encourage sales Market competitiveness strategy Provides care by giving their employees benefits. Staff members in Data analysis ensure that employees’ salaries at various work places are commensurate. To ensure that jobs are competitive externally, staff members are observing the companies’ good morals. The organization weighs experience according to relevancy, with more weight given to recent experience. Individual or Team Rewards Most work done by IT consultants are personal and such rewards are based on individual performance. How Compensation strategy Aligns with Corporate Mission The company’s mission is to encourage the application of technology in all sectors of the global economy. When the organization gets more high-skilled employees, they can build a network of awareness through quality production. Anchor Bay Entertainment Compensation and Benefits $56,000 Education assistance Work life support Human recourse development Compensation philosophies The compensation philosophy at Anchor bay entertainment is supposed to be based on performance; however, several of the people that I know who work for this company does not feel this way. These individuals feel Anchor bay is more like a learning institution. Market competitiveness strategy We sell our computers at a pocket friendly manner We offer after sale services, which include free software installation. Individual or Team Rewards When the organization gets more highly educated employees, they can build the network of thriving ICT centers much quicker. We reward our employees accordingly with respect to their level of productivity. It is important to note that, the employees who dedicate most of their time for the interest of the company are vetted accordingly. How Compensation strategy Aligns with Corporate Mission Excellent services to our customers It is our intent to be a model information system. We will strive to be the leading organization in the technology industry. BFG Technologies Compensation and Benefits $70000 Work life support Performance appraisal and training Compensation philosophies We foster personal and professional development We encourage good relations between the employees and the seniors Responsible-it considers the organization’s financial abilities. Market competitiveness strategy Identifying and acquiring candidates in growing business areas Encouraging computer application development in learning institutions Setting up organizations’ goals and working to attain them BFG technologies would be involved in a meet the market compensation strategy. Compared to some companies in other regions it may look as if they are leading in the market; however, for the region the company operates in employees’ payment in relation to the market demands. Individual or Team Rewards Being in the information technology sector, I would see reward based on individuals, rather than a team. When a customer comes and needs consultancy on a major electronic the employees work as an individual trying to convince the buyer of the significance of that machine. How Compensation strategy Aligns with Corporate Mission The companies’ goal is to continuously improve communication technology in the country and promote the intensive use of computers in the business world. It seems that BFG technologies information systems does not align with the mission statement because the competitive pay and many of the benefits offered create an environment where meaningful relationships can be developed within the employer and employees. Brunswick Corporation Compensation and Benefits $59000 Health medical insurance Educational assistance Career and succession planning Compensation philosophies It considers organizations financial abilities. They hire and retain talented individuals who are collectively driven to meet the technology needs in the market. Market competitiveness strategy Brunswick Corporation being in the information technology sector I see it positioning itself at the top because the company does not offer the highest pay in the region. It does this to keep their operational costs down. Other companies that pay employees better have higher health costs than Brunswick Corporation. Individual or Team Rewards The employees are normally given bonuses after a successful sale. How Compensation strategy Aligns with Corporate Mission We are committed to serving diverse needs of the advancing world of technology. International Business Machines Compensation and Benefits $73500 Pension plan and paid time off Human resource development and performance appraisals Compensation philosophies International business machines believes in the rights and maintenance of values of its employees. This drives the company to compensate employees accordingly. It also believes that keeping employees happy and motivated fosters the organization’s quest of attaining its preset objectives (Mathis and Jackson 174). It is imperative that carrying out capacity building on the employees and the provision of intrinsic rewards make the employees self-driven at IBM Inc. It is also important for the organization to embrace performance related pay systems to enhance productivity. Market competitiveness strategy They offer quality services in terms of good customer relations and quick customer care. Through holding seminars on public education, they advertise their new products. Making more services available to residents thus increasing the target market Encouraging ICT centers to maintain their name and avoid branding Individual or Team Rewards Employees benefit from advance payments offered every mid month and a relative salary increase as per the organization’s profit making process. How Compensation strategy Aligns with Corporate Mission We reflect the noble caring nature in the industry and thus balancing the market demands with the available recourses. Our compensation strategy ensures that all the implementation strategies are in line with the organzation’s corporate mission and vision. This is achieved through integrated technological practice, education, and research. The compensation strategy also enhances the quality provision of health care to the employees. Employees at International Business Machines are offered educational benefits and incentives to work on research to better compensation. Works Cited Mathis, Robert and Jackson, John. (2010). Human Resource Management. Cengage Learning, 2010. Read More