Crafting a Compensation and Benefits Plan: Looking Ahead in the Modern Workplace
Increasingly, technologically-driven businesses have become more and more reliant upon attracting top talent to gain a competitive edge. Perhaps the most obvious example of this is the Google organization. Google’s Internet search engine is virtually synonymous with searching on the Internet itself. Google offers generous salaries and time off to its employees. It also offers many amenities, such as free food, medical care, dry-cleaning, fitness classes, and even buses from certain common location hubs in the surrounding area. This enable… Continue Reading...
which leads to reduced employee productivity. Companies need to establish a well-designed employee compensation and benefits package in order to retain its top talent and attract others. There are numerous companies that desire to attract, retain, and motivate their employees in order to meet the company's strategic objectives. Currently, employees are considered to be part of the company's assets because they have to be effectively and efficiently managed. There are numerous instruments that companies can use to attract, retain, and motivate employees. Compensation and benefits are some of the tools that companies can use. It is vital that an employer identifies and offers… Continue Reading...
into two categories. The first pertains to sustainability; the second relates to competitive advantage. Compensation and benefits packages are required to keep the personnel working for an organization. Similarly, mandates for safety and employee relations are necessary to ensure that employees are able to work together harmoniously. These areas are related to, yet considered distinct from employee retention. Employee retention is based on keeping employees which are valuable to an organization. Human resources is also tasked with staffing and organization and suitably training that staff, which is key part of remaining competitive. Performance management in the form of reviews and feedback is also part… Continue Reading...
that govern work practices. The third aspect of the firm's organizational culture is great employee compensation and benefits and a suitable working environment. Employees are required to work towards ensuring that customers are happy through providing excellent customer service. Zappos' managers ensure that culturally fit candidates are hired and work processes are carried out in a manner that is fit with this culture to ensure that employees and customers are happy at all times (Patel, 2015).
McGinty/Moss Assessment of Zappos' Organizational Culture
Debra Woog McGinty and Nicole C. Moss developed a short corporate culture survey that can be utilized to identify the characteristics of an… Continue Reading...
The other factors contributing to misbehavior, stress, and conflicts are job burnout, poor compensation and benefits strategies, unsuitable organizational culture, ineffective leadership style, and poor decision-making.
According to Sims (2002), managing misbehavior, individual stress, and conflicts in the workplace is a multidimensional process that requires the use of different strategies. Managers and leaders in an organization can manage these factors through several measures including the use of proper leadership styles/management techniques, teem meetings, and establishing effective communication channels (Sims, 2002). Additionally, organizations can effective manage misbehavior, stress, and conflicts through lessening uncertainties in the workplace and establishing appropriate assistance and wellness programs for… Continue Reading...
that job satisfaction tends to be affected by several other factors such as working conditions, interpersonal relations, supervisory and managerial support, compensation and benefits, as well as training and development opportunities. All the same, positive employees can significantly improve organisational efficiency, productivity, and performance (Graybill et al., 2013). Nonetheless, just like employee outcomes, organisational outcomes are often driven by other factors such as leadership, resources, capabilities, and macro-environmental forces.
At XYZ, the formal socialisation of newcomers takes two to six weeks depending on the position. Focus is generally on expected roles and responsibilities, the organisation's code of conduct, the organisation's mission and core values, introduction to colleagues, guidelines for workplace interactions,… Continue Reading...
the job description and terms of the contract, Amazon will also need to investigate obligations to the worker regarding worker compensation and benefits packages, and wage disclosure laws. Using social media during the recruitment process can raise legal red flags due to the potential for conscious or unconscious discrimination based on age, race, gender, and other characteristics (Calvasina, Calvasina & Calvasina, 2014). Discrimination could also potentially impact perceptions of the candidate’s competency, impacting salary negotiations. Therefore, social media should not be relied on as an initial recruitment tool.
Recruiting Plan
A human resources manager’s recruitment strategy begins with needs assessment; recruiting is about first determining what the organization needs in… Continue Reading...
