Question

Imagine you are having an interview with the HR Manager of a company? And you have asked the following Questions what will the replies be. ( long replies please)

A) What is the mechanism of salary and compensation and incentives in your organization?

B) how is the salary linked to the organization’s vision ?

C)On what basis does the employee gets promoted?

D)what are the challenges in implementing the mechanism of salary and promotions?

E) how is the promotions and salary linked with goals and visions of the company ? And how to deal with the promotions and Salary if the goals and visions of the companies are changed?

Answer 1

Answer 1
The mechanism of salary and compensation with incentives in the organization is based on the education qualification of the employee with the relevant industry experience of the employee. If the employee is having good experience with a reputed company the chances of getting a good salary with compensation is very high. Any employee in order to receive good compensation with incentive must have a proven track record of himself in the previous companies and he must be able to justify his track record with his actions in the interview, so that the HR manager is better convinced for paying him good salary. The incentive is based on the performance of the employees if the employee is able to complete the task under given time structure the company will take pay incentives to the employees.
Answer 2
Salary is linked to organization vision in such a way that it is very important for all the employees who are part of the team to have vision. Vision is the uniting factor in the team and it gives a clear direction for the team, in terms of where it wants to reach in the future. vision is linked to the salary structure in such a way that a employee who has already worked for a previous company who had a vision has the experience of aligning himself to the vision of the customer. Such kind of employee will prove to be a good asset for the company because if he is hired by the present company he will put his experience into use of working towards a vision and is liable to pay a good salary.
Answer 3.
The basis on which employees get promoted are discussed below-
1. Based on good performance.
2. Based on being loyal towards the company and working for a long time in one company.
3. Based on the ability to train and guide the junior employees.
Answer 4
The challenges in implementing the mechanism of salary and promotion are discussed below-
1. The challenge is to find out the right talent in the company who has continuously been performing and promote him neglecting those people who do not perform well.
2. Drafting out an fair salary and promotion plan so that none of the employees feel discriminated.

_{Please up vote this answer.
Please note that due to limited time and maintaining the answer quality I have answered 4 parts of the questions you can post the remaining questions again in order to get the answer.}