Question

Directions

Students will conduct an analysis on the current state of the compensation system and address pay-for-performance and benefits. Reference should be made to individual and group incentives, performance appraisals, legally mandated benefits, options benefits, and benefit determination process. (Note – do not simply copy paste the benefits offered).

The body of the paper will be 4-5 pages. This does not include extraneous pages like title page, reference page, appendices. APA formatting standards are required. A minimum of 5 scholarly resources need to be used. An example of a scholarly resource can be an interview with an HR professional or a peer reviewed article from a Park University Library Journal Database. Course materials and personal experience do not count. A formal third person tone is required.

Supplemental information (e.g. worksheets that are currently being used) can be presented in Appendices but do not count toward the body of the paper.

Note: Recommendations should not be made at this point – you will make these in Unit 8. This is an analysis of current standing. Keep in mind however, if an organization doesn’t have a pay-for-performance plan or optional benefit offerings, the paper doesn’t end at that point. Student needs to include a discussion of the offerings that could be used. Again, recommendations will be made in Unit 8.

Please provide with references as well

Answer 1

Compensation provides an ethical support to the Employees overall job profile. Specific term can be considered as a very essential term for an organisation as it provides a Basic support for employees. By providing compensation an organisation can easily increase its overall ethical position in an employee is my in which would directly create a feeling of loyalty towards the organisation and boost the overall efficiency of the specific organisation as well. Best specific boost in the loyality would directly provide additional support to the company in portfolio and job done by the employees.

Compensation also plays an effective role in creating a better ethical working environment for an employee family as well as its background as it provides a Basic support to the family of the employee to stand up on their own if any mashup is happen inside the organisation. By having the specific program in your company you can easily increase the company's moral values as the compensation is directly related to the ethical values of a company. By providing high compensation a company can directly create a feeling of loyalty in an employee is mine and this specific feeling would directly affect the company is productivity as the customer directly involve itself into the organisational structure and work hard for the organisation as it knows that the company is also providing compensation for all the things he's doing for the organisation.

Provision of the compensation from the skilled employees in the organisation to the lower class employees such as workers as well as labour in your organisation could be benefited by the same program. This hierarchial compensation method easily increase in the overall involvement of the organisation into a person's life. And directly increases the level of involvement of the specific employee in the company's task which directly increases the overall effectiveness of the program inside an organisation.

Compensation also provides a support to the insurance programs which are taken by the organisation towards the employees need. If anything wrong happens in the organisation structure then the overall load of the compensation would be there by the insurance company and does not harm the overall effectiveness of the cost effective program for the companies portfolio.

All in all we can see that the compensation program is a very essential task for an organisation to carry out. By giving out the compensations to the Employees for the specific problems as well as issues can be very beneficial by maintaining loyalty towards the specific organisation. Specific process also increases the level of implementation and involvement of new innovation inside an organisation as an employee work real hard for the organisation after knowing that the organisation is also supporting the basic needs.