"Equity" is a key concept in compensation. Read Matthew 20:1-15. As we see, it was also...

"Equity" is a key concept in compensation. Read Matthew 20:1-15. As we see, it was also important to workers two thousand years ago. Why does equity matter? What steps can be taken to see that employees are compensated equitably?

Expert Solution

"Equity" is a key concept in compensation. Read Matthew 20:1-15. As we see, it was also important to workers two thousand years ago. Why does equity matter? What steps can be taken to see that employees are compensated equitably?

Equity literally means ownership. If you buy equity share of a company, you become owner of that company in the amount of shares you hold. Similarly equity in compensation means non-cash pay that represents ownership in the firm. Such equity can take place in various forms; options, restricted stock and performance shares. It allows employer to share profit with employees via appreciation and courage retention.

This not culture of 21^st century but choice of emperors since thousands of years ago. Where the king handovers a small bag of gold coins to a person who does great job. This recognition is very precious and necessary for employees or people who work for employer.

Steps can be taken to see that employees are compensated equitably

There are various steps that an employer can take to ensure that the employees are compensated equitably

Male v/s female: The pay scale of both the gender should be same, since the male candidates can be recruited from outside whereas females can be promoted internally.
Comparable compensation: HR should have a look at what the rivals re paying in which location and budget CTC should be prepared accordingly, so as the comparison with peer group doesn’t harm employees.
Flexible schedule: In our society it is often believed that a women has to take are of home, she is mother, wife and home maker, if she is willing to work with you, offer him flexibility to work from home, telecommuting the work or discounted hours. So that she can manage her office and home together.
Periodic training: It is very important to keep the employees updated with the changes in industry and position of peers. Accordingly a proper training should be given to employees, hence they are confident enough to beat the changes.

Pls feel free to ask queries or need some more insight on topic

jeff jeffy answered 2 years ago

HW 20. Due November 1. In this assignment, we will see an example of an integral...

HW 20. Due November 1. In this assignment, we will see an example of an integral domain that has elements that can be factored as a product of irreducible elements, but that factorization is not unique. Let R denote the set of all complex numbers a + b √ 5i, where a, b ∈ Z. Let N be the norm on R defined by N(a + b √ 5i) = a 2 + 5b 2 . As before N(z1z2) =...

If a firm ties its managers' compensation plans to the profit maximization, we may see a...

If a firm ties its managers' compensation plans to the profit maximization, we may see a higher agency conflict. Because managers do not want to implement the risk projects. Do you think it is easy to behave ethically from the firm’s perspective? Why or why not? Please write the answer using the KEYBOARD

Analyze the words of the Lord Jesus found in Matthew 20:1-16 and Matthew 25:14-30. How do...

Analyze the words of the Lord Jesus found in Matthew 20:1-16 and Matthew 25:14-30. How do these parables apply to economics?

One of the key concepts we have discussed this semester is the concept of “Elasticity”. Generally...

One of the key concepts we have discussed this semester is the concept of “Elasticity”. Generally speaking, elasticity is simply a measure of how responsive one variable is to a change in another variable. While we have focused on the “own price elasticity of demand”, the “income elasticity of demand” and the “cross-price elasticity of demand” this concept can be extended to a number of different situations. (10 pts) The demand curve for a product is given by Qx=1,000-2Px+0.02Pz, where Pz...

In the class, we had formulated the rules for the r’s compliment subtraction (also see section...

In the class, we had formulated the rules for the r’s compliment subtraction (also see section 1.5 in textbook for a summary of the rules). Formulate similar rules if you have to do the addition using the (r-1)s compliment.

We measured weight gain in students in their freshmen year to see if the Freshmen 15...

We measured weight gain in students in their freshmen year to see if the Freshmen 15 is real or not. My hypothesis for whether there will be a difference in weight gain between males and females was that it would be fairly the same. The data we got was: For females, the mean is 2.640, the standard deviation is 5.961, the maximum is 15.4 and the minimum is -8.8. For male, the mean is 2.544, the standard deviation is 10.808,...

The key similarities and differences between a small company equity fund (also called a small cap...

The key similarities and differences between a small company equity fund (also called a small cap fund) and ordinary equity fund (also called a large cap fund).

we read in academic publications, trade journals and newspapers (also watch on TV) that there have...

we read in academic publications, trade journals and newspapers (also watch on TV) that there have been misuses of data collected from the consumers. Companies have began monetizing their data externally for purposes different than those for which the data was initially collected. There is a wide gap exist between 'what consumers views as ethical', and what the company views as ethical. Is this practice (by these companies) considered as 'unethical'? Yes or No? Why? Should we (consumer watch dogs...

(a) We see that GBI is also considering initiating other projects. New projects will require GBI...

(a) We see that GBI is also considering initiating other projects. New projects will require GBI to re-examine its pursuit of strategic objectives via best practices in organizational project management. (b) Discuss a framework that may be used to ensure the above mentioned systems align to GBI’s strategic objectives.

1. Write a complete essay about the Customer Equity Concept (Value Equity, Brand Equity, and Relationship...

1. Write a complete essay about the Customer Equity Concept (Value Equity, Brand Equity, and Relationship Equity and their drivers) developed by Rust, Zeithaml, and Lemon.

Question