In your organization are the compensation strategies and the organization's objectives aligned? Discuss
Every organisation needs to align it's objectives and compensation strategies for better functioning and outputs. Objectives are a kind of guide which will help in deciding what the organisation needs from it's employees and select the compensation as per the work assigned and this helps in having good plan on what to expect from the employees. It helps in planning proper budget and also getting the desired results . Hence the organisation needs to align objectives and compensation strategies for better results and is done in every organisation.
In your organization are the compensation strategies and the organization's objectives aligned? Discuss
question ; Within your CLC team, discuss your current organization's employee incentives and motivation strategies. Examine the individual organization's compensation challenges and industry competition. Based on this discussion, teams will develop an incentive plan suitable for all participating members that encourages an organizational culture that motivates employees and evaluates their performance. Your incentive plan (1,000‐1,250 words) must include: 1) Incentive compensation to remain competitive within the industry.
After reading chapter 2 discuss how your organization has aligned their business and IT strategies in the past, present and their plans for the future. Book - IT Strategy: Issues and Practices (3rd Edition) I SBN-13: 978-0133544244 ISBN-10: 0133544249
Discuss the role of financial compensation strategies as part of the process to reduce variation in medical practice. How effective are these financial incentives, especially in terms of timing or use with other strategies
explain how and why supply chain strategies should be aligned with corporate strategies. support your answer with appropriate examples
Refer all answers to comensation Management subject 1a. Pay system is designed to acheive compensation objectives. Describe FOUR (4) compensation objectives. b. Explain FOUR (4) various pay cash compensation. c. Explain FIVE (5) typical data collected for job analysis d. Describe FOUR (4) Purposes of an aligned internal structure
The sum of an organization's strategic vision and mission, objectives and strategy constitutes a strategic plan for coping with industry conditions, outcompeting rivals, meeting objectives and making progress towards the strategic vision. An organization whose strategic plan is based around ambitious stretch goals that require an unwavering commitment to do whatever it takes to achieve them is said to have strategic intent. Q- Write a discussion on this statement, using an example of a company to illustrate your answer and...
You serve on your organization's compensation committee, and you are meeting to negotiate the retirement package of your CEO, who is retiring after a very successful 40 year career with the organization. This person has served as CEO for the last 20 of those 40 years, during which time revenues were quadrupled and gross profit increased by over 300%. The CEO's representative has proposed the following retirement package: Unlimited access to the company's New York apartment Unlimited use of the...
Discuss what type of compensation and benefits an organization could offer to engage, attract, recruit, and retain a diverse and strong workforce.
How is an organization's culture learned? How are the mores and folkways of the organization passed on to new members? Be specific. Discuss both formal and informal methods of transmission.
Still Your Turn *Mapping Compensation Strategies) on page 61 in textbook