In one or two pages, describe the concept of total compensation. Why is this important?
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In one or two pages, describe the concept of total compensation. Why is this important?
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- Please, analyze and discuss the myriad factors that frequently shape an organization's compensation decisions, considering both internal and external influences."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?What are the factors affecting employee compensation? How to develop a strategic compensation strategy?
- Is pay-for-performance a better model than existing models of compensation? Are there limitations to it as well?critically analyze and discuss the myriad factors that frequently shape an organization's compensation decisions, considering both internal and external influences."Your company has recently implemented a pay-for-performance model for compensation. This worries you because you know that your employees will be even more upset with their performance ratings if they know that they are tied to compensation. What actions can you take to start to prepare for this change? How do you think your boss at the company where you work now, or where you have worked would handle the situation? If there are differences, why