Total Compensation Methods Paper

AbstractThis discussion will analyze the bear upon of various fee methods and benefit programs on employees and ecesiss. This paper will relate pay and benefit administration strategies to organizational culture and performance. Total honorarium Methods PaperCompensation and benefits argon very important to employees in the current workforce. In this market, employees argon faced with choosing an organization to work for, and what makes or breaks that decision argon the fee and benefit packet boats offered. Most of these organizations drop unalike strategies regarding benefits and compensation in their organizational cultures. Compensation MethodsMost compensation methods are designed by the organization to positively coin the bum line of the business. Some methods permit quick miscellany as markets, products, and services interpolate. The compensation methods gather up to brook strong, measurable benefits to the organization and assist in achieving its goals. An organization is forever and a day evaluating the impact of the compensation methods on employee performance. This ensures that the programs are having the desired results and if not, what changes requirement to take place. The methods penury to be flexible enough to change with the industry and as business evolves (Workforce Management, 1995-2006).

In addition, the compensation methods need to be militant to make sure the organization so-and-so attract and stop the kind of talent needed to earn the stated goals for the organization. Executives are coming to expect a croupe line impact from compensation programs ( Compensation and Performance Management, 200! 6). For example, if an employee is not performing his or her line of merchandise, the rationality could be more than skilful lack of compensation. Therefore, just by providing the appropriate and updated compensation package, whiz cannot be sure that the job is being done. There are times that one ask to tailor and develop a custom-made compensation package for a group of employees in a company. The... If you want to arrive a full essay, evidence it on our website: OrderCustomPaper.com

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