Compensation and Benefit Strategy of Term Paper

Excerpt from Term Paper :

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 have a team in place to take care of its compensation, and benefit plans and while doing so, the company's management should ensure that the employees are for the plan being used, if not it will not have a direct impact on the company's performance.

References

About.com (2011) How to do a break-even analysis. Retrieved 8/4/2012 From: http://biztaxlaw.about.com/od/financingyourstartup/a/breakeven.htm

Entrepreneur (2011) Compensation. Retrieved 1/18/2012. From: http://www.entrepreneur.com/encyclopedia/term/82068.html

Gainsharing (2012). Q&a Retrieved 20th February, 2012, from http://www.gainsharing.com

Gabris, G.T., & Ihrke, D.M. (2000). Improving Employee Acceptance Toward Performance Appraisal and Merit Pay Systems:the Role of Leadership Credibility. Review of Public Personnel Administration. 41-53.

HR Guide to the Internet. (2012). Compensation: Incentive Plans: Gainsharing Retrieved 20th February, 2012, from http://www.hr-guide.com

Hopkins, B.L., & Mawhinney, T.C. (1992). Pay for performance: history, controversy, and evidence: Haworth Press.

Martocchio (2009) Strategic Compensation, 5th Ed., Pearson Education, Inc., Upper Saddle River, NJ.

Patricia k. Pressman. (1985). An assessment of teacher attitude toward incentive pay.

Pynes, J.E. (2008). Human Resources Management for Public and Nonprofit Organizations: A Strategic Approach: John Wiley & Sons.

Sources Used in Document:

References

About.com (2011) How to do a break-even analysis. Retrieved 8/4/2012 From: http://biztaxlaw.about.com/od/financingyourstartup/a/breakeven.htm

Entrepreneur (2011) Compensation. Retrieved 1/18/2012. From: http://www.entrepreneur.com/encyclopedia/term/82068.html

Gainsharing (2012). Q&a Retrieved 20th February, 2012, from http://www.gainsharing.com

Gabris, G.T., & Ihrke, D.M. (2000). Improving Employee Acceptance Toward Performance Appraisal and Merit Pay Systems:the Role of Leadership Credibility. Review of Public Personnel Administration. 41-53.

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