What are suggestions to improve the problems of forcing employees to sign salary reduction contracts ? the recommendations must be related on concepts of compensation management
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What are suggestions to improve the problems of forcing employees to sign salary reduction contracts ? the recommendations must be related on concepts of compensation management
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- What does a pay-for-performance strategy mean for a company?Why are employee benefits sometimes referred to as "indirect compensation"?What are employee benefits? Explain how they are a major part of the compensation package. Review a current compensation package and determine if it is adequate and fair given the tasks needed in the job.
- You are asked to establish a worker’s compensation program in your organization that better manages your organizations workers’ compensation exposure. Identify six (6) specific services that you would include in this program and describe the value of each to the overall program.Critically analyse the compensation system in an organization of your choice and suggest improvement to the current compensation system.discuss the role of compensation surveys in benchmarking and setting pay levels.
- As an associate member of the institute of human resources, you have been invited to give a presentation on employee benefits. Briefly outline your presentation under the following sub headings Justification for employee benefits Statutory benefits and their importance Factors considered in benefit planning Effective administration of benefitsExplain the importance of compensation management. Provide your answer with appropriate example and theoryWhat are the considerations when determining the appropriate compensation and benefits packages for employees?
- There are 4 basic parts of a compensation system. Which one do you think is the most important when recruiting new employees, and why? Which one is most appealing to you when you begin a job search upon graduation, and why?The difference between strategic planning and tactical planning in compensation management.Pay-for-performance compensation models improve employee engagement and retention by clearly tying employee or company achievement of performance goals to tangible financial rewards. 1. What are the advantages and disadvantages if pay-for-performance compensation model will be adopted by the government? 2. Which government agency will benefit from this compensation model?