Compensation Memo To HR Director Essay

PAGES
3
WORDS
601
Cite

¶ … Total Compenstion Statement Memo Human resource (HR) policies and decisions play a crucial role in an organization. They serve as a driver of employee productivity as they directly or indirectly affect employee engagement, job commitment, employee satisfaction, and employee retention. An important HR function relates to compensation, which is basically concerned with determining the amount of remuneration and benefits employees get as a result of their input to the organization. Sufficient compensation is crucial for attracting and retaining the right people for the job (Stredwick, 2014). The position of an administrative assistant is without a doubt an important position, underscoring the need for competitive and attractive compensation. As per the U.S. Bureau of Labor Statistics (BLS), an administrative assistant earns an average income of $55,460 per year or $26.66 per hour (BLS, 2017). More specifically, an administrative assistant in the category of "Management of Companies and Enterprises" earns an average income of $60,320 annually or $29 hourly. In addition to salary, the position of an administrative assistant requires a number of benefits, notably social security, unemployment insurance (federal and state), worker compensation, and Medicare. Optional benefits may include medical and/or dental insurance, retirement benefits, a wellness program, as well as paid...

...

In essence, the compensation goals for the newly created HR administrative assistant position are to provide competitive remuneration within the national average, the legally required benefits, and attractive discretionary benefits. This will be crucial for attracting and retaining the right candidate for the job.
Similar to any other job, ethical aspects must be addressed in making compensation decisions relating to the newly created position. An important ethical issue in this case relates to equity. It is imperative for employees to feel they are paid fairly (Mello, 2015). The level of compensation offered should adequately match the requirements, responsibilities, duties, functions, conditions, and complexities associated with the job. It is not uncommon for pay to be influenced by demographic aspects such as gender and racial background, which is often a source of employee dissatisfaction and interpersonal conflicts within the workplace. Eventually, this can negatively affect employee commitment, engagement, and happiness to the disadvantage of the organization. Compensation for the new position should be comparable to not only co-workers, but also other organizations. This is referred to as external equity (Stredwick, 2014). Another ethical issue relates to how incentive plans are designed. Incentive…

Sources Used in Documents:

References

Bureau of Labor Statistics (BLS) (2017). Executive secretaries and executive administrative assistants. Retrieved from: https://www.bls.gov/oes/current/oes436011.htm

Mello, J. (2015). Strategic human resource management. 4th edition. Mason: Cengage Learning.

Stredwick, J. (2014). An Introduction to Human Resource Management. London: Routledge.


Cite this Document:

"Compensation Memo To HR Director" (2017, February 04) Retrieved April 18, 2024, from
https://www.paperdue.com/essay/compensation-memo-to-hr-director-2164536

"Compensation Memo To HR Director" 04 February 2017. Web.18 April. 2024. <
https://www.paperdue.com/essay/compensation-memo-to-hr-director-2164536>

"Compensation Memo To HR Director", 04 February 2017, Accessed.18 April. 2024,
https://www.paperdue.com/essay/compensation-memo-to-hr-director-2164536

Related Documents

This talent does need to be retained. With respect to the executives who were involved in mortgage-backed securities, however, this argument holds little water. These are not talented individuals, as demonstrated by the substantial losses their actions have inflicted upon the company. They are not the sort of employees that the firm should be seeking to retain. It is only due to the outdated or erroneous perception that these individuals

Unionization of a Hospital Staff When union representatives come to a hospital and approach its employees -- in this case, nurses -- a decision has to be made by the nurses as to whether or not this is a good idea. But more than that, the hospital administration has to realize that the nurses have the legal right to organize, and any attempt to stifle their negotiations or block union representatives

Due to the lowered premium advantages gained through group coverage the company had negotiated the plan for its employees but had never paid the premiums. Unfortunately, on the insurance application the company's human resource office was listed as the plan administrator. The fact that Richmond paid his own premiums and had for some time works to the company's advantage. He was obviously aware that this had been the case for

Communications -- Personal Statement Say the word 'communications,' and immediately people think of the written or the spoken word. They think of a page of newspaper, a conversation with a friend. But corporate communications encompasses so much more than merely the verbal exchange of ideas. Corporate communications is kinesthetic. Through my work at my current place of business, Alcoa I communicate by email to all Alcoans worldwide, regarding the Earthwatch program, including

Constructive Charge Case A CASE OF RELIGIOUS DISCRIMINATION? Constructive Discharge Mr. Charles Wright, Chief Executive Officer (date) From: Mr. Terence North, Manager, Elementary Toy Division Re: Employee Constructive Discharge Claim Our legal counsel, Atty. Edison Hawks, today informed the undersigned in writing that a former employee, Mr. Alfred Peterson, had filed a claim of constructive discharge against the company. Mr. Peterson resigned last week from his post at our Production Department when our new policy on

Market Orientation of Medical Diagnostic Units Dissertation for Master of Health Administration i. Introduction ii. Objectives iii. Description iv Administrative Internship v. Scope and Approach vi. Growth vii. Methodology viii. Hypothesis ix. Survey Questionnaire x. Research Design xi. Observation and Data Presentation xii. Test provided xiii. Analysis of findings Marketability of Patient Satisfaction Importance of Employee Satisfaction xiv. Conclusions and Recommendations xv. Bibliography xvi. Notes xvii. Appendices Market Orientation of Medical Diagnostic Units