¶ … direct financial compensation comprises of not only wages but also salaries, bonuses, as well as commissions; indirect financial compensation comprises of other rewards such as insurance, vacation, and childcare.
Each individual's pay in the U.S. is set relative to a number of groups (three to be specific) namely: group A, group B, and group C. With regard to group A (pay-level decision), employers can be able to evaluate how reasonable their pay levels are by simply determining what other employees doing similar jobs in other organizations earn. Next, group B (pay-structure decision) comes in handy in the determination of pay differences between the various organizational hierarchy levels. Lastly, when it comes to group C (individual pay determination), it is important to ensure that the level of pay can be regarded internally equitable. In this case, job relativities should ideally be reflected in the determination of the rates of pay.
Pay satisfaction is essentially the general attitude individuals have towards pay. It denotes how content employees are with regard to the fairness of their pay. In addition to being difficult to measure, pay satisfaction cannot also be easily related to a compensation system. This is largely because the same is...
Financial Accounting for Management) Dell Inc. is considered to be a multinational technology business that is in the process of developing, manufacturing, sells, and supporting personal computers and other computer- associated products. Founded in Round Rock, Texas, Dell services somewhere around 76,500 people all over the world as of 2012. Dell had gone through their growth process during the 1980s and 1990s to turn into (for a time) the major seller
Employee Appraisal MethodAssessing and developing employee performance in organizations is crucial, and employers often use performance appraisal as a decision-making tool for this purpose (Sanyal & Biswas, 2014). There are two primary appraisal decision-making methods: cognitive-based appraisal and subjective-based appraisal (Ismail & Raduan, 2013). Cognitive-based appraisal emphasizes psychometric issues in evaluation, performance scores, and objective criteria to measure performance (Ismail et al., 2012). HR managers design methods such as comparison,
XYZ Limited specializes in manufacturing and marketing of Computer Laser Accessories, and the management of the company has decided to increase the sales within the next five fiscal years using aggressive marketing campaign, and supplier acquisition. Using this strategy, the company will achieve its sales objectives. The first part of the paper discuses the company sales forecast for the next five years. The second part discuses the strategy that
3 million buildings and plots of land. If it can conservatively be assumed that a minimum of five persons are affected for each business and a minimum of two persons for each building, then some 5 million people are directly involved in property-restitution claims - nearly a third of the population of the new Lander. (Blacksell et al., 1996, p. 200) Since December 1991, the number of claims filed with the
Introduction to Johnson and Johnson For a company to be successful, it must continuously build and nurture long-term relationships with its strategic shareholders. Shareholders is anyone who has an interest in an organization ((Noe et al., 2016). They include employees, governments, competitors, suppliers, competitors and customers. One such company is Johnson and Johnson (J&J). It has emerged as one of the most successful company globally because of its values dubbed "Our
Stress: Regulation of Wetlands in the United States Regulation of Wetlands in the United States Defining Wetlands and their Value A wetland refers to a place where water covers the soil. A wetland is a saturated land that comprises of swamps or marshes. Lewis defines a wetland as, "an ecosystem that depends on constant or recurrent, shallow inundation or saturation at or near the surface of the substrate" (p.3). He further ascertains that
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