STRATEGIC COMPENSATION SYSTEMS ANALYSIS Employee payment entails more than pay. It is openhanded term encompassing the full range of efficient benefits provided to employees in exchange for their employment commitment and performance contributions to an organization. It includes some(prenominal) conduct and indirect compensation, immediate and deferred compensation, and extends to a wide army of economic incentives and benefits. The strategic concern is to how best create a compensation system which supports the business strategy of the firm. To that end, the analytical storage-battery grid below identifies key considerations and decision points. Strategic Strengthening Containing confine Promoting Criteria cognitive operation Cost Liability Fair run across Objectives Individual External legal Internal justice Equity Compliance Equity Challenges Tie to Strategy, Tie to industry forge buckle under Address Perform.
To Pay Market mental synthesis Pay Issues Determinants Philosophy Labor Market Legislation sound Culture ! joint Case Law Host fellowship Bargaining Considerations 1. Variable Pay 1. baron to Pay 1. qualified Pay 1. Workforce 2. At insecurity Pay 2. capacity to 2. FLSA Adjustment 3. Comp. Mix Compete for HR 3. judicial feat 2. Redesign 4. Effort/Impact 3. Ability to take...If you want to take a shit a full essay, order it on our website:
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