Discuss what type of compensation and benefits an organization could offer to engage, attract, recruit, and retain a diverse and strong workforce.
Some of the compensation and benefits the organisation can offer for this purpose are:
Discuss what type of compensation and benefits an organization could offer to engage, attract, recruit, and...
The goals of compensation are to attract people to work for your organization and to retain people who are already working in the organization. Employees who are fairly compensated tend to provide better customer service, which can result in organizational growth and development. A compensation package can include salary, bonuses, health-care plans, and a variety of other types of compensation. If you have had or currently have a job, do you feel the compensation plan motivated you? Why or why...
2. Loyal customers offer multiple benefits to a healthcare organization. What are some of these benefits? How can loyalty be measured from a marketing approach? Find one example of a loyalty program in the healthcare industry, and comment on it. Is there in the program content any room for improvements?
What are some ways that technology can help companies and leaders to manage compensation, benefits plans, and associated costs? How does managing employee compensation relate to overall business goals? Provide examples from a managerial perspective. Select an HRIS and discuss the ways that this system could be utilized to manage compensation and benefits.
Established compensation & benefits program for Apple (American multinational technology company), Based on your understanding on their compensation and benefits program,please address the following aspects: 1. What type of benefits do employees receive for working with that organization? 2.What recommendations would you provide to the company executive to improve their compensation program system? Provide a minimum of three.
Benefits Required by Law Several forces have made benefits a signficant part of employee compensation packages. For example, both federal and state laws require employers to pay certain benefits to employees, such as contributions to Social Security and unemployment insurance. change Concept Review paragraph to read as follows: State and federal laws require that employers offer specific benefits to their employees, and the costs of these benefits are high. Out of every dollar spent on compensation by U.S. companies, more...
Employee compensation is provided in various types of benefits: these could include wages, health insurance, pension, and vacation (to name a few). What term describes equalizing benefits; in other words when a benefit is added or benefits increase typically wages will decrease as the total compensation stays equal. A) Compensating Differentials B)Employer Sponsored Benefits C) Differential Premiums D) Competitive Benefits
provide positive feedback: What is compensation? Newman, Gerhart, & Milkovich, (2017) claims compensation “…does not mean the same thing to everyone” (p. 5). Your view differs depending on your perspective. For this assignment: Identify and explain any common views of compensation shared by Employees:The pay individuals receive in return for the work they perform. Employers: The total cost of maintaining and retaining a workforce, including things like salary, insurance, retirement, bonuses, etc. Society: “Some people see pay as a measure...
A number of discussions in this module focused on benefits, and their potential roles in the organization. While they are a major component of compensation, they also influence other HR functions. For example, they may be an important factor in an organizations' recruiting efforts. For our discussion now, let's consider further the role that benefits play in recruiting. Put yourself in the role of your organization's recruiting manager, responsible for management-level hiring for all of your global operations. What benefits...
What is Organizational effectiveness? How an organization could achieve it using MBO? Discuss the condition where MBO is effective and ineffective as a managerial technique. Give examples.
Describe pay for performance including examples of jobs that might have that type of compensation. What are some benefits and downsides to pay for performance?