Employment Benefits

deliver Structure Decisions Learning Objectives 1. List the major extent beas and concepts in employee recompense management. 2. Describe the major administrative tools enjoyment to manage employee payment. 3. Explain the importance of competitive labormarket and product-market forces in compensation decisions. 4. Explain the importance of dish up issues such as discourse in compensation management. 5. Explain where the United States stands from an worldwide sight on birth issues. 6. Explain the reasons for the contr all oversy over executive director earnings. 7. Describe the regulatory framework for employee compensation. I. foundation consecrate, of course, has a stiff impact on employees standard of living. Pay is a figure of status and success as healthful as measurable as a comparison to others. A. From the employers point of view, pay is critical in attaining strategic go als. 1. Pay has a major impact on employee attitudes and behaviors. 2. Employee compensation is typically a epochal organizational cost. B. Pay decisions can be broken into twain major areas: Pay Structure and person Pay. 1. Pay bodily structure is composed of considerations related to both pay level and production line structure. 2.

Pay level is the average pay in organizations, excluding benefits. 3. capriole structure is the sexual congress pay of jobs in organizations (i.e., the range of pay often convey by salary grades). 4. Pay policies are attached to jobs, non individuals, in fix up to ma ke the process much manageable and equitabl! e. II. Equity Theory and Fairness A. Equity act describes a process in which people evaluate the sensationalism of their pay by comparing their pay to that of other people. 1. A person will compare his or her ratio of stab outcomes (e.g., pay, benefits, etc.) to perceived inputs (e.g., education, effort, experience) to the ratio of a comparison other. 2. If the persons ratio is...If you want to get a full essay, beau monde it on our website: BestEssayCheap.com

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