Question: QUESTION 4 Compensation administration policies should not only be able to motivate employees, but it should also attract and retain competitive employees. Therefore, employees also

QUESTION 4 Compensation administration policies should not only be able to motivate employees, but it should also attract and retain competitive employees. Therefore, employees also expect that the compensation system of an organisation is just and fair in providing a reward system that is at par with the skills and performance demonstrated. A) Discuss four (4) reasons why organisations in recent times are adopting a strategic approach to compensation management. B) Explain two factors that must be considered in designing a compensation administration policy

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Millhouse graduated 5 years ago with a degree in business administration and is currently employed as a middle level manager for the same firecracker company his dad already worked for. His current...

Compensation administration policies should not only be able to motivate employees, but it should also attract and retain competitive employees. Therefore, employees also expect that the compensation...

Please do it Correctly Preface of the Assignment This assignment is a partial requirement for all the IUB students of HRM360: Manpower Planning and Forecasting in Spring-2022. In spite of all kinds...

## Write down a conclusion based on the topics of above images. Task 1: Technology-driven work strategy-New challenge for HR Since 2000, we have seen the speed and scale of change continue to...

Chapter 9 Compensation and Incentives Diane Bigda/Photodisc/Getty Images Learning Objectives After reading this chapter, you should be able to do the following: Discuss various psychological...

Based on information from the textbook, outside research, and knowledge gained from the videos, explain how you would oversee the design or redesign of a benefits program in a large organization....

Read the article , and analyze from the below perspective: 1.What is the relevant theory applied in the deciding a persons salary in the school. 2.What are the factors influencing the wage policy?...

9. combines practical on-the-job experience with formal training. A. Co-operative training B. Classroom instruction C. Self-directed learning D. Apprenticeship training Select the best answer for the...

PROGRAMME HANDBOOK: JANUARY 2016 INTAKE ASSIGNMENT 2: HUMAN RESOURCES DEVELOPMENT Read the case study below and answer the questions that follow. National HRD in Finland, Russia, and South Africa...

CHAP TER 1 The Role of Human Resources HUMAN RESOURCE MANAGEMENT DAY TO DAY You have just been hired to work in the human resource department of a small company. You heard about the job through a...

Suppose there are n identical firms in a market. Each firm has fixed cost equal to 392, and variable cost given by VC = 2q2, where q is the amount that an individual firm produces. This means that an...

What effect does relative inflation have on interest rates and exchange rates?

1 6 - 1 4 What is the purpose of analytical procedures performed as a part of the overall review?

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...