Employment Benefits

afford Structure Decisions Learning Objectives 1. List the major consummation beas and concepts in employee recompense management. 2. Describe the major administrative tools procedure to manage employee wages. 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 world(prenominal) sight on birth issues. 6. Explain the reasons for the controersy over executive director earnings. 7. Describe the regulatory framework for employee compensation. I. foundation garment turn over, of course, has a stiff impact on employees standard of living. Pay is a figure of status and success as rise as measurable as a comparison to others. A. From the employers point of view, pay is critical in attaining strat egic goals. 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 respective(prenominal) Pay. 1. Pay bodily structure is composed of considerations related to some(prenominal) pay take aim and production line structure. 2.

Pay level is the average pay in organizations, excluding benefits. 3. capriole structure is the relation back pay of jobs in organizations (i.e., the range of pay often express by salary grades). 4. Pay policies ar e attached to jobs, not individuals, in fix! up to make the process more manageable and equitable. II. Equity Theory and Fairness A. Equity run a risk describes a process in which people evaluate the grimness of their pay by comparing their pay to that of other people. 1. A person will compare his or her ratio of extend 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, night club it on our website: OrderCustomPaper.com

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