It is the consideration between the employers and themselves. It is usually a reward for a job done, directly related to the efforts applied in performance of the work.
In merit pay/cost of living adjustments form of pay, the employees are paid in relation to past work behavior and cost of living (Belcher, 1996). An increase in merit is triggered by work behavior recognized in the past and the adjustments in the cost of living. The cost of living consideration raises the merit of all the employees without regard to the performance. This form of pay is mostly beneficial when the employer is assured of commitment and professional skills of the workers. This form of pay will work towards ensuring that there is low employee turn over as most appreciate that the employer is considerate enough. Adjustments of pay in relation to the cost of living encourage the employees to be loyal to the company and to increase their output. This form of pay is particularly beneficial to the employees as during harsh economic times they are assured that the employer will adjust the pay in their benefit.
The pay system brings on board various groups of people and this determines what they perceive of the company or the employer. The society or the community considers job compensation often referred to as pay as a measure of justice towards the employees. It is the society’s belief that benefits extended to the employees are a reflection of the level of justice in the society.
The most beneficial form of pay to the employer is the incentives or the variable pay. In this form of pay, pay rise is triggered by performance of the employees. Some of the assumptions of the variable pay method are: some employees are more productive than their peers; some perform better and are better equipped with technical skills; better performance should be rewarded; and some of the employees’ earnings should be directly proportional
According to the stockholders view of the benefits extended to the employees, paying the employees through stock ownership helps in creating a sense of ownership and greatly improves employees’ performance (Belcher, 1996). When the employees’ pay is linked to the company’s…
Corporate Social Responsibility (CSR) extends beyond the realm of shareholders to cover the interests of the various stakeholders in the business operations which include community welfare and environmental obligations aiming results of the business operations which are beneficial to the future generations as well.
The author will carryout the real study in the month of October. During the same month, he will collect data using survey, interview and questionnaire methods of data collection. He will write short notes on the most important things arising in the course of the study. He will analyze the data and come up with the final results.
echnological advancements have changed the overall outlook of the sales industry and there are several additional elements which should be considered by the organisations. These elements will be explored and analysed in this report.
The overall situation of the sales industry
Competitive positioning: Specific job function triggers a variation especially where the skills in need are rare. For an organization to retain such a skill, it might be forced to remunerate the person more handsomely than other executives in
This is because there are increased cases of cyber insecurity. With the internet, there are limitless ways through which an individual can become a victim of cybercrime.
In order to avoid becoming victims of cybercrime, an individual is
stem features and to a farther extent even the procurement of the system hardware plus the training of the administrators whose sole duty is to perform the operations. The process framework is a representation of system activities including the security orientation activities
Discrimination has the potential to rapidly bring down an entire organization by creating much uncalled for pandemonium. This is why every employee’s performance should be judged through a non-discriminatory
ould assist decision-makers in assuming a proactive stance at anticipating the organization’s needs and opportunities, as well as in warding off risks and threats; and (3) always evaluate the strategies of competitors to determine the most appropriate reaction and
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