Please read case above and answer the question , thank you .
what organizational processes does compensation affect and what is costco's rationale for having an exceptional compensation plan ?
Compensation has a profound impact on multiple business processes. First and foremost, compensation has a direct impact on the human resources of the organization. If the employees feel that they are being rewarded rightly for the work they do, they would be satisfied and would be highly productive. This would encourage a healthy and productive environment within the organization. As we see in the case above, compensation is not only the salary but also benefits like insurance, medical benefits, etc which eases a lot of expenses which otherwise the employees would have to bear out of their salary itself if they were to bear it on their own. In turn, since employees would be a happy lot, hence it would have a positive impact on other business processes like marketing, operations, sales, etc which needs motivated people to carry out tasks. Hence we can say compensation has an overarching impact on the business.
Costco's rationale for having exceptional compensation is to attract and retain top-notch talent to counter the challenges posed by competitors. These people are high achievers who thrive and excel in a dynamic and productive environment. And a good compensation package is one of the keys to have a positive and attractive work environment and attract strong talents. Hence Costco has developed a highly attractive compensation plan for its employees so that they are satisfied and motivated to perform at the next level which helps Costco to compete successfully.
Please read case above and answer the question , thank you . what organizational processes does c...
please i need a good answer and a perfect answer.. i need unique answer use your own words. don't use handwriting Case Study Imagine working in an organization where employee morale is low, turnover is high, and the costs of hiring are astronomical. If that were the case, you’d imagine the employer would go to great lengths to find, attract, and retain quality employees. Couple this goal with the reality of the economic picture—you simply cannot afford to provide expensive...
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Case analyses are expected to show critical thinking and be adequately supported with more than one cited reference and in-text citations to support your thoughts. One of these references may be the textbook. Each paper should include a synopsis of the issue at hand and an analysis of what should happen next for the particular situation. Each paper will be written using APA format and be at least 1-2 double-spaced pages (not including cover sheet, references, etc). CASE With just...
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