Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Apple compensation plan

26/03/2021 Client: saad24vbs Deadline: 2 Day

Abstract

Compensation practices have been used by the Apple Company, which is a multinational company based in America with its headquarters located in Cupertino. The Apple Company is known for developing, designing and selling computer software such as iTunes, iOS operating systems, among other consumer electronics. Their popular products in the Mac line are computers, iPads, iPhones, and iPods. The company is ranked number three in the phone making category, after Nokia and Samsung. The company has penetrated in more than 14 countries making it, by market capitalization, one of the largest publicly traded global companies.

Apple Company has an objective for employees on the platform of compensation. The company aims at attracting and retaining their executives since they ensure succeeds in the market competition. The company strives to achieve the objective on the company’s stakeholders. Compensation committee in the company determines the compensation for the executives of the company as well as overseeing the compensation program. Executive compensation strategy has been the greatest tool in the achievements of the company. Another compensation strategy used by Apple Company is performance-based cash incentive. Apple’s compensation committee determines the compensation plans of its employees and executives.

The company employs competitive strategies in finding out the compensation effects on the senior officials, employees, and stakeholders. There are three major challenges facing Apple Company, as well as attracting new employees, who have strong talents, controlling the labor costs and multinational operations challenge. Apple Company has employed compensation strategies that conform to compensation laws used globally and at the local country it operates. The traditional base for pay focuses on giving merits on seniority and therefore becomes effective since it facilitates a common ground to control compensation matters.

Compensation Strategy of Apple Company

For any company, they need to focus on the efficiency of operations since they pay their employees in return for the work done (O'Grady, 2009, p. 67). To avoid employee frustrations and bond frictions, a company and employees need to have a broad agreement on binding documents about the compensation package. Therefore, in that perspective, Apple Company has an objective for employees on the platform of compensation. The company aims at attracting and retaining their executives since they ensure succeeds in the market competition. The company strives to achieve the objective on the business’s stakeholders. Compensation committee in the business determines the compensation for the executives of the company as well as overseeing the compensation program. Through a good compensation program, the company believes that financial performance can improve in the challenging macroeconomic environment if compensation management is effective.

Executive compensation strategy has been the greatest tool to the achievements of the company. The strategy involves rewards such as base salaries, yearly bonuses out of the performance and long-term equity rewards. Notably, the strategy has ensured retention of performing executive leaders, as well as attracting the most outstanding executive team. Besides that, the strategy aims at determining supplementary rewards that stimulate the performance of the employees. The company rewards the mentioned employees with long-term equity rewards after every two years. The company does not stress so much on the overall monetary compensation but on equity rewards, thus, shaping its annual performance-based cash bonus from the named executive employee ("Apple, Inc. Executive Salaries & Other Compensation | Salary.com," n.d.).

Another compensation strategy used by Apple Company is performance-based cash incentive. The strategy has help Apple Company in attaining its goals, objectives as well as attaining better financial performance as compared with its competitors.

How the Compensation Practice Has Determined Positive/Negative Impacts to the Apple Company and Its Stakeholders

One way of indicating fair and equal plan effectiveness is through compensation impact. Employees show that they are satisfied with compensation programs through their behavior, as well as presenting a positive work attitude. Thus, the company benefits from the employee’s actions of higher performance and improved effectiveness. Apple Company has a compensation committee that determines the compensation plans of its employees and executives. The compensation plans are reviewed every year. The company employs competitive strategies in finding out the compensation effects on the senior officials, employees, and stakeholders. Besides this, the company has employed different governance techniques as well as charters so as to determine compensation impact. Occasionally, the committee reviews the policy on compensation to consider if it is still appropriate for use. Moreover, the committee approves the incentive, benefits policy, and the entire compensation policy of any employee, but more so, that of senior executive officers ("AAPL Apple, Inc. Executive Compensation," n.d.).

Also, compensation impact is assessed by the committee through annual performance evaluation. The same is also done by the governing board of Apple Company. Through this, the efforts of hard working executive members are acknowledged, as well as the individuals that partake in the financially based impact of the company.

Challenges Related to Compensation Strategy Used by Apple Company

There are three major challenges facing Apple Company. To begin with is retaining, as well as attracting new employees who have strong talents. Due to high competition in the labor market for employees, the Apple’s compensation committee must recognize that and factor in the increasing competitive salaries and talented employees. The competition has raised wars in the multinational companies dealing with computer and software technologies. Therefore, Apple’s compensation committee is expected to aim higher and come up with a good enticing compensation plan for qualified and talented employees. Again, the compensation committee should aim at enhancing employee retention by developing a more complicated compensation strategy ("Apple, Inc. Executive Salaries & Other Compensation | Salary.com," n.d.).

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Writing Guru
Professional Coursework Help
Accounting & Finance Master
Top Essay Tutor
Quick N Quality
Finance Professor
Writer Writer Name Offer Chat
Top Writing Guru

ONLINE

Top Writing Guru

I have read your project details. I can do this within your deadline.

$53 Chat With Writer
Professional Coursework Help

ONLINE

Professional Coursework Help

I have read your project details. I can do this within your deadline.

$130 Chat With Writer
Accounting & Finance Master

ONLINE

Accounting & Finance Master

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$65 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$120 Chat With Writer
Quick N Quality

ONLINE

Quick N Quality

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$61 Chat With Writer
Finance Professor

ONLINE

Finance Professor

I have read and understood all your initial requirements, and I am very professional in this task.

$21 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Health talk on diabetes mellitus ppt - Apa referencing guide rmit - The Role of Culture and Self-Awareness in Interpersonal Communication due in 4 days - Position proposal template - 02.11 carousel of progress post test - WITBANK ABORTION CLINIC +27717852514 SAFE ABORTION PILLS FOR SALE IN SOUTH AFRICA & ABORTION CLINICS IN SHOSHANGUVE, MAMELODI, SUNNYSIDE - Supply Chain Management - A6 dimensions in inches - Affidavit of loss passport philippines - Essay english - Capstone Project Topic Selection and Approval - Air preheater in boiler diagram - Funnel shaped residual plot - Frank foster good ol girl chords - Marketing lemonade part 1 - Swagelok ms htb 8 - During its first year of operations the mccollum corporation - How has macbeth changed in act 3 - What do the letters of the cia triad stand for - Difference between visa 417 and 462 - 3racing led light system - Data - What is the noon sun angle on april 11 - Box hill free tafe - Bachelor of exercise and sport science deakin - Crime self-reporting cjt101 - Keune tinta color chart - Which division among plants has the simplest organisms - 17 3 as a mixed number - You have just been offered a contract worth - Medieval ballads lesson plans - In an ethical dilemma such as the one presented above - Trigonometric art - Caltex oil lube guide - St davids doctors surgery - HR STRATEGY - Essay - Fusidic acid nappy rash - Finance 370 - BBC Documentary "Billion Dollar Day" - Ucertify - Project Management Professional V5 - Course Pre-Assessment 100% - Chest pain concept map - Need ONE page - History of technical drawing pdf - Break even point formula target profit - What is the average distance of uranus from the sun - How to do trigonometry word problems - Stern model of advertising communication process - Westerville company reported the following results from last year's operations - Need two responses to discussion questions. 150 words min with references if needed - Figure 34.1 label this anterior view of the human heart - Today poem by billy collins - Hpe officeconnect switch 1820 8g j9979a firmware - Cherry blossom banksia park - Non-diversifiable risk is also referred to as - What are the seven responsibilities of acecqa - Finance discussion wk 2 - Ramada shoal bay presidential suite - COM303 Week 4 Discussion 13 - Want a case study asap - His 100 topic exploration worksheet - Paper - Autodock vina result interpretation - I need a 450 words paper explaining how chemical shapes and polarity affect our senses of taste and smell. - Non research evidence appraisal tool - Projectile motion pre lab investigation answers - Leab champ battery charger - Nfhs sudden cardiac arrest answers - Module 7 paper - Airbus a320 max speed - World religions map activity - Holes quiz chapters 1 5 - Ambition in act 1 scene 5 macbeth - Stampy quest to eat horrible candy - Maintenance fluid rate dog chart - Whether an industry presents a company with good prospects for attractive growth and profitability - Why do we have seasons worksheet - Choosemyplate gov myplate daily checklist input - 1 mile walk test chart - Data Mining - Difference equation z transform example - Digital Forensics. assignment 15 - Shakespeare by matthew arnold theme - You can insert ____ different kinds of pictures into powerpoint - Bnbnbn - Igcse biology past papers - Enlightenment salon party answer key - Icrs cartilage grading system - Hunter united credit union login - What factors contributed to eurodisney poor performance - Formulating your brief data visualization - Jenny eather persuasive writing - Dr john hearne booragoon - Khan academy factoring quadratics - D3 - Example of progress report for final year project - 4 elements of malpractice claim nursing - Thermocouple vacuum gauge tube - Com adobe acs commons email emailservice - Hero's journey in the hunger games - South africa pharmacist registration