Total Compensation Methods Paper

AbstractThis discussion will analyze the bear upon of various requital methods and benefit programs on employees and ecesiss. This paper will relate payment and benefit administration strategies to organizational culture and performance.

Total honorarium Methods PaperCompensation and benefits argon very important to employees in the current workforce. In this market, employees argon faced with choosing an organization to work for, and what makes or breaks that decisiveness are the compensation and benefit packet boats offered. Most of these organizations use unalike strategies regarding benefits and compensation in their organizational cultures.

Compensation MethodsMost compensation methods are designed by the organization to positively affect the bum line of the business. Some methods permit quick change as markets, products, and services change. The compensation methods gather up to provide strong, measurable benefits to the organization and assist in achieving its goals.

An organization is constantly evaluating the impact of the compensation methods on employee performance. This ensures that the programs are having the desired results and if not, what changes need to take place. The methods need to be flexible enough to change with the industry and as business evolves (Workforce Management, 1995-2006).



In addition, the compensation methods need to be militant to make sure the organization can attract and stop the kind of talent needed to achieve the stated goals for the organization.

Executives are coming to expect a bottom line impact from compensation programs (Compensation and Performance Management, 2006). For example, if an employee is not performing his or her line of merchandise, the rationality could be more than just lack of compensation. Therefore, just by providing the appropriate and updated compensation package, one cannot be sure that the job is being done. There are times that one ask to tailor and develop a custom-made compensation package for a group of employees in a company. The...

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