关于薪酬设计PPT.pptVIP

Compensation Deals with every type of reward individuals receive in exchange for performing organizational tasks Major cost of doing business Chief reason why most individuals seek employment An exchange relationship Financial Compensation Direct Financial Compensation Consists of the pay an employee receives in the form of: wages salaries bonuses commissions Indirect Financial Compensation Consists of all financial rewards not included in direct financial compensation – i.e., benefits: pensions insurance paid time off employee services Objective of Compensation To create a system of rewards that is equitable to the employer and employee alike The desired outcome is an employee who is: Attracted to the work Motivated to do a good job for the employer External Influences on Compensation Compensation and an International Labor Force Issues that affect the compensation strategies of organizations competing in a global market: Global wage differentials verging on the extreme Moving American employees to foreign locations Employing local (foreign) managers and workers Moving foreign workers to the United States for training or work assignments Government Influences: Wage Controlsand Guidelines: (1 of 2) Government Influences: Wage Controlsand Guidelines: (2 of 2) Wage freezes – forbid wage increases Wage controls – limit the size of wage increases Wage guidelines – voluntary limits on wage increases Government Influences: Wage and Hour Regulations Fair Labor Standards Act (FLSA) of 1938 minimum wage overtime exempt workers nonexempt workers child labor recordkeeping requirements Equal Pay Act of 1963 Equal Pay Act of 1963 Established the concept of equal pay for equal work Prohibits wage differentials based on gender between men and women performing essentially the same work in organizations skill effort responsibility working conditions Government Influence: Other Pay Legislation Internal Influences on Compensation Pay and Motivation Motivation – set of attitudes a