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Human Resource Management- Compensation: Essay

21/09/2020 Client: mark2106 Deadline: 10 Days

Direct Financial Compensation (Monetary Compensation) 


Learning Objectives



  • Summarize the usual components of a total compensation plan and the environment of compensation practice.

  • Explain the direct financial compensation practices.

  • Discuss job structures and how they are established.

  • Summarize competitive pay policies: pay level and pay mix.

  • Explain what pay structures are and how they are created.

  • Review exceptions to the rules: compensation for sales representatives, contingent workers, and executives.


Indirect Financial Compensation (Employee Benefits) 


·  Learning Objcectives



  • Define indirect financial compensation (employee benefits).

  • Describe legally required benefits and the various kinds.

  • Define discretionary benefits and explain the various types.

  • Explain workplace flexibility (work/life balance).

  • Describe customized benefit plans.

  • Summarize the issues of communicating information about benefit plans.


1.  Describe in a brief essay what say-on-pay policies and claw back policies are. Why do corporations implement these policies?


2.  In a brief essay, discuss some of the reasons why companies chose to offer employee benefits. Also, discuss the reasons the U.S. government established particular legally required benefits.


Expectation:


-  essay form (narrative form) no Bullet points should not to be used


-  at least 1.5 - 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing 


-  2 outside scholarly or professional source related to human resource management. 


-  APA formatting and citation should be used.


-  Textbook : Title: Human Resource Management  , ISBN: 9780134739724 Authors: Martocchio Publisher: Pearson Edition: 15TH 19 

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