Free Essays on Compensation To Motivate Employees

  1. The Role Compensation Plays

    THE ROLE COMPENSATION PLAYS IN ATTRACTING AND RETAINING A SOLID WORKFORCE The Human Resource department has never been as critical and significant as it is today to compensation philosophies. The HR department has a responsibility to handle compensation, in communicating with leadership to set...

  2. Comp

    trying to address the issues of fair pay, different compensation plans for the commissioned sales employees, the traditional ways of compensating employees and the problems seen is them. Some other problems or issues noted by the author are compensation plan for a salaried and sales employee and the ways...

  3. If You Pay a Saleperson Enough Money, You Will Have a Well-Motivated Salesperson

    monetary incentives have been deeply entrenched as the basic method of reward for employees; it must not be assumed that relying on this method solely will be effective. Companies have to consider immaterial benefits to motivate its staffs. What is motivation? Motivation is to initiate action on a certain...

  4. Career Development Plan Part Iv—Compensation

    explain the new compensation plan for the sales team at InterClean. It will outline the new compensation plan and describe how it will help motivate employee performance, describe our total rewards program, and explain how this program will benefit the individual and InterClean. Compensation Plan The new...

  5. Career Development Plan--Compensation

    Table of Contents Executive Summary……………………………………………………………………………….3 Introduction……………………………………………………………………………………….4 Description of Compensation Plan...……………………………………………………………...4 Why Pay System Will Work….…………………...………………………………………………4 Total Rewards Package Components…...…………………………………………………………5 ...

  6. Case Study

    accomplish this vision the company will have to take a number of necessary steps to align the organization’s reward and compensation systems with the new corporate sales strategy. Compensation and Incentives Programs The company can establish a more consistent performance review process with an emphasis on...

  7. Interim Report Idbi Federal

    Problem statement: To study workmen compensation in IDBI and determine the satisfaction level of employees. Description of the Project: Reward system is a tool by which employee can attract, motivate, and retain employees. It involves everything the employee perceives to be of value resulting from...

  8. Motivating Employees Through Training and Development

    2012 © 2012, TextRoad Publication ISSN 2090-4304 Journal of Basic and Applied Scientific Research www.textroad.com Effect of Compensation on Motivating Employees in Public and Private Banks of Peshawar(BOK and UBL) Waqas Khan, Engr. Owais Mufti 1 2 MBA Scholar, Institute of Management Sciences...

  9. Career deveopment plan IV

    Compensation plan - InterClean This proposal will describe aspects related to the new compensation plan for InterClean. This plan will help in many ways the new teamwork and will motivate employee for a better performance. This proposal will describe in addition to salaries and benefits for the...

  10. Human Resource

    Introduction Compensation is a systematic method that formulated by the employers to offer financial value to employees to exchange for their working performance. Employee’s satisfaction of job, performance of job and the employer’s organizational recruitment are direct affected by the compensation that the...

  11. Employee Rewards and Motivation

    employer must know the employees culturally before it can considered the different ways it can motivate the company as a whole. In the workplace, it is important to keep the employees motivated to work. It is best to have a reward system set up, which also would help in keeping the employees motivated to work...

  12. Riordan Gap Analysis

    Gap Analysis: Riordan Manufacturing Employee motivation and rewards are effective means to retain employees. When an employee is motivated, his or her needs are being met. When an employee is unmotivated, his or her needs are not being met which results in a high employee attrition rate. Riordan Manufacturing...

  13. The New Compensation Plan

    New Compensation Plan: • Salary in commission (based on Job Evaluation). • Sick leave (up to four weeks annually). • Vacation-OK before probation period. • Holidays (Major) • Health Benefits (100% covered) • Educational tuition ($3000/year undergrad C grade and above $5000-graduate...

  14. Career Development Plan Part Iv

    Part IV: Compensation Introduction: The final stages of formalizing the career development plan for the sales department is almost complete with the exception of the approved compensation proposal. This compensation plan will promote attracting the industries most talented employees, retaining...

  15. Compensation

    Compensation My philosophy is to provide a comprehensive risk-oriented, total compensation package to reward and retain employees in the team for their contribution to the success of the organization. Compensation program is designed to:  Motivate employees to the highest standards of performance...

  16. Essay on Compensation Mgt

    compensation COMPENSATION MANAGEMENT Human Resource is the most vital resource for any organization. It is responsible for each and every decision taken, each and every work done and each and every result. Employees should be managed properly and motivated by providing best remuneration and compensation...

  17. Riodran Problem Solution

    team must implement a plan to resolve these issues and achieve the organization’s goal of increasing the employees’ motivation. The team has developed a strategy to employ to reduce the employees’ resistance to change that the company is suffering from since the recent transformation to the business...

  18. Waqz

    and motivate brains to meet objectives. Today Humans are regarded as one of every company’s assets so they need to be efficiently and effectively managed. One of the tools companies use to attract, retain and motivate its people is Compensation Management. In this hub, I shall define compensation and...

  19. Which Meaning of Compensation Seems Most Appropriate from an Employee's View: Return, Reward or Entitlement?

    meaning of compensation seems most appropriate from an employee’s view: Return, reward or entitlement? Compensation and Benefits remain as an invaluable tool to attract, motivate and retain qualified candidates. Compensation refers to the wages and other non-financial forms of compensation that an organisation...

  20. Caceer Development-Compensation

    Career Development Plan-Compensation Carla Fransaw Human Capital Management HRM/531 University of Phoenix Dr. Wicker January 28, 2009 Career Development Plan-Compensation Compensation is a buzzword that prompts employees to think how is my employer going to compensate me...

  21. Hr Department Manager

    Smith SUBJECT: Compensation Plan It has been exciting to watch the development of our new sales team. Over the last few weeks, our company has put together a formula for success. We have saved the best for last. It is my great pleasure to introduce our new company compensation plan. This proposal...

  22. Compensation Proposal

    COMPENSATION PROPOSAL DATE: November 17, 2008 TO: Human Resources Manager FROM: Sales Department Manager RE: Proposal – Compensation Package for Sales Team I. Purpose for Request Due to Interclean embarking on a new strategic direction, upper management has asked lower lever...

  23. Proposal

    I make suggestions for a new compensation plan, specifically formed for the sales team. Once the proposal is comprised, I will present my ideas and rationale to the human resource department manager for approval. The proposal includes a description of the new compensation plan for the sales team, explanation...

  24. Career Development Plan

    The Compensation Plan InterClean has established a new compensation plan for the sales team. This pay system is to motivate employees to perform and exceed expectations outlined by the company. Employees will have the opportunity in this new compensation plan to increase their earning potential...

  25. Incentive Plans Paper

    enough to retain or attract the most talented employees. In today’s complex business world other incentives are used to motivate current employees to not only stay with the company, but to do the best they can to help meet organizational goals. Compensation packages are also used as leverage to attract...

  26. Hr Management

    QUESTION 1 The psychological contract refers to the expectations employees and employers have when signing an employment contract. It also refers to the unwritten expectations of both employer and employee and is regarded as being dynamic and can change over time. The psychological contract is a...

  27. The Paper

    Evaluate and discuss compensation and motivation practices as they relate to organizational strategy. One of the key steps in the process of developing compensations and motivations practices is to identify the current level of employee understanding and expectations. Normally this is done with an...

  28. Comp Mgr

    COMPENSATION MANAGEMENT For a long time, human resource (HR) managers have been analyzing various reasons that make an employee give his 100% to the organization. Companies who have an edge over others in the market have now realized that an effective pay-structure ranks highly when it comes to retaining...

  29. Compensation’s Role in Human Resource Strategy

    Role in Human Resource Strategy Compensation is one of many human resource (HR) tools that organizations use to manage their employees. For an organization to receive its money’s worth and motivate and retain skilled employees, it needs to ensure that its compensation system is not an island by itself...

  30. Compensation

    Term Paper on COMPENSATION In partial fulfillment of the requirements of the course Human Resource Systems & Process Submitted to Prof. C.P. Shrimali On 21/08/2010 CONTENTS Introduction 3 Compensation : Definition 4 Goals of the Compensation System 5 Direct...