STRATEGIC COMPENSATION SYSTEMS ANALYSIS Employee containment entails more than pay. It is openhanded term encompassing the full range of stinting benefits provided to employees in exchange for their employment commitment and performance contributions to an organization. It includes some(prenominal) conduct and indirect compensation, immediate and deferred compensation, and extends to a wide vagabond of economic incentives and benefits. The strategic concern is to how best create a compensation system which supports the business strategy of the firm. To that end, the analytical gridiron below identifies key considerations and decision points. Strategic Strengthening Containing control Promoting Criteria cognitive operation Cost Liability Fair consort Objectives Indivi dual External legal Internal beauteousness Equity Compliance Equity Challenges Tie to Strategy, Tie to industry build up buckle under Address Perform.
To Pay Market twist Pay Issues Determinants Philosophy Labor Market Legislation prun e Culture ! joint Case Law Host order of magnitude Bargaining Considerations 1. Variable Pay 1. baron to Pay 1. adapted Pay 1. Workforce 2. At insecurity Pay 2. capability to 2. FLSA Adjustment 3. Comp. Mix Compete for HR 3. judicial action 2. Redesign 4. Effort/Impact 3. Ability to take...If you want to take down a full essay, order it on our website:
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