Compensation Strategies Companies. For Company Selected, Discuss Essay

¶ … compensation strategies companies. For company selected, discuss a 350-word synopsis: • Evaluate compensation strategies executives company. • Evaluate compensation strategies sales forces contingent workers company.ID Compensation strategies for two companies

Whole Foods

Whole Foods, the organic grocery retailer, is one of the few companies that has actually reported garnering positive press as a result of its executive compensation policy. Whole Foods ' "caps the chief executive's salary and bonus at 14 times the average worker's pay" (Clark 2006). This is intended to reinforce the team-based leadership and performance reviews that structure the company's leadership within its stores throughout the nation. However, it has been noted that Whole Foods is not quite as democratic in reality as its written policy might suggest. CEO John Mackey made $1.8 million exercising his stock options, far more than his official salary of $436,000 (Clark 2006). However, his overall compensation is still relatively low, compared to other CEOs of his caliber.

Apple

CEO and founder of Apple Steve Jobs was another...

...

Jobs received a dollar a year as his salary from Apple. He was still a wealthy man "because he already held a big position in Apple's stock, thanks to an option grant when he returned to the company at the end of the 1990s. Steve's original option grant had exploded in value thanks to Apple's amazing renaissance, so by last year it was worth several billion dollars" (Blodget 2012).
Apple's new CEO now receives an annual salary of $378 million, "comprised of $900,000 of cash salary and a $377 million stock grant" (Blodget 2012). This was presumably seen as necessary to compensate a man on the stature of CEO Tim Cook's competence for the tremendous stresses to excel as head of the company Jobs founded. "It was awarded, presumably, to create an incentive for him to do an excellent job over many years -- hopefully, a decade or more" (Blodget 2012).

Apple has famously been a rather unpleasant place to work for ordinary-level managers. Relatively meager benefits in comparison to Microsoft and…

Sources Used in Documents:

Cite this Document:

"Compensation Strategies Companies For Company Selected Discuss" (2012, June 10) Retrieved April 19, 2024, from
https://www.paperdue.com/essay/compensation-strategies-companies-for-company-80558

"Compensation Strategies Companies For Company Selected Discuss" 10 June 2012. Web.19 April. 2024. <
https://www.paperdue.com/essay/compensation-strategies-companies-for-company-80558>

"Compensation Strategies Companies For Company Selected Discuss", 10 June 2012, Accessed.19 April. 2024,
https://www.paperdue.com/essay/compensation-strategies-companies-for-company-80558

Related Documents

Compensation Improvement Company ABC The goal of this review will be to examine the overall objectives of the pay model for ABC corporation, a small manufacturing plant that specializes on developing nanosecond electronic components for select suppliers. As a job analyst my position requires that I evaluate each position in the company and ensure that a compensation structure is developed that is in line with the strategic goals and objectives

This plan will help a company to cope with the challenges of having a high rate of employee turnover since the employees with get satisfaction in their work places from the bonus of their hard work. All in all, reward and appraisal are important tools used to ensure that employees are motivated and dedicated to their work hence retaining them and improving of the company's productivity. Therefore, every company should

At the same time, there will be increased amounts of compensation. This will ensure that all employees are treated equally by: receiving a salary that is in line with their skills. Over the short-term, this means that there will be a decrease in earnings and profit margins. However, over the long-term is when there will be an increase in productivity and earnings. The way that this will affect employees is

By bringing more locals into the overseas operation, the use of expats can be reduced. In addition, the cost of expats should be factored into the decision to enter a market. Major markets will still be profitable even with the presence of expats, but there are many marginal markets that may not be viable once expat costs are included (for example, where Malaysia may be profitable, adjacent Brunei may

Business Ethics Every company has corporate governance initiatives in place. Consider that corporate governance simply refers to how the company is run and controlled. The current usage of the buzzword derives from the issues that a few companies had where executives or managers were not subject to appropriate levels of governance. Thus, the guidelines issued recently by the OECD, the ASX, the Combined Code and in Sarbanes-Oxley serve to institutionalize stronger

Introduction While a high-flying tech company is a great story to the outside observer, inside such a company can be quite chaotic, because the rapid pace of growth places strain on the talent within the company. The human resources department has to keep a rapid pace of hiring, ensuring all the while that it is bringing in the right people to support the mission going forward. Just as important, the new