Organizational Objectives and Total Compensation in Different Markets
Organizational Objectives and Total Compensation in Different Markets Unsure of legal obligations in designing a total compensation plan, a client has asked you, as a human resources consultant, to explain how certain laws and regulations affect total compensation in their organization. The client?s organization employs 200 people, is a federal contractor, and operates in the biotech industry. Write?a no more than 2 or 3 page paper?providing examples of laws and regulations influencing total compensation. Analyze?similarities and differences in total compensation between this organization and other organizations in different external markets. Discuss?at least two examples that illustrate such similarities and differences. Draw conclusions based upon Learning Activity Readings in eCampus, Martocchio (2014) and/or Milkovich, Newman and Gerhart (2014), personal experience, and data collected from organizations. Integrate and apply week 1 readings,Stategic Compensation, ?Martocchio (2014) and/orCompensation 8h?Edition,? Milkovich, Newman and Gerhart (2014), throughout paper. Summarize and cite information using your own words. Direct quotations should be avoided. Research should be summarized and synthesized using your own words; be certain to cite sources of knowledge. Compare?your paper with?Guide for Written Assignments?attached to assignment. Format?your paper consistent with?APA 6th Edition?guidelines. APA sample is attached to assignment. Click?the Assignment Files tab to submit your assignment. Reference for attached document. Strategic Compensation: A Human Resource Management Approach, Eighth Edition, by Joseph J. Martocchio. Published by Prentice Hall. Copyright ? 2014 by Pearson Education, Inc. ? ? Answer Preview Introduction According to Gerhart and Rynes (2003), compensation is the act by state, organization or an individual to repay a person for a task well done, or to compensate them for any injuries or damages. Compensation acts as a catalyst to motivate employees in order to increase their performance. Today as people are searching for jobs, they are looking for an employer who will compensate them in their salaries as well as other benefits. The client organization being a federal contract the employees have security for compensation APA 711 words ? Related Questions: In 300 words or more, what are the goals of employee selection How can Janice best address both the productivity and turnover issues Best Incentive Plans in three different industries. Three organizations that link there incentive plans with their organizational objectives. The effect of uncertainty on organizational objectives Compare and contrast two selection methods and discuss how they impact the achievement of organizational objectives.
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