THE WORLD OF PAY AND COMPENSATION - University of Houston的薪酬——世界休士顿大学.pptVIP

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THE WORLD OF PAY AND COMPENSATION - University of Houston的薪酬——世界休士顿大学.ppt

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THE WORLD OF PAY AND COMPENSATION - University of Houston的薪酬——世界休士顿大学

The World of Pay and Compensation Seventy percent (70%) of all jobs in the USA are in the service sector. Service-sector jobs tend to be labor intense. Service-sector companies typically spend 40 to 80 cents of each revenue dollar on employee compensation. Wage competition in service-sector companies tends to be more intense. The Compensation Program Base Wages and Salaries After-tax amount on the paycheck Wage and Salary Add-ons Premiums an Differentials Incentive Payments Payment for specified outputs Benefits and Services Retirement, Savings, Medical, (39% of payroll) Reasons for the Differences in Pay and Compensation for Different Employees Kinds and Levels of Required Skills Kind of Business Union and Nonunion Status Capital Vs. Labor Intense Industries Size of Business Philosophy of Management Total Compensation Package Geographic Location Average Hourly Earnings November 1995Specified Production Workers Eating and Drinking Places Apparel and Accessory Stores General Merchandise Stores Apparel and Other Textile Products Food Stores Leather and Leather Products Misc. Retail Establishments Amusement and Recreation Building Materials and Garden Textile Mill Products $5.65 7.54 7.60 7.77 8.25 8.26 8.52 9.02 9.26 9.49 Average Hourly Earnings November 1995Specified Production Workers PIPELINE except NATURAL GAS PETROLEUM and COAL PRODUCTS TOBACCO PRODUCTS COAL MINING ELECTRIC, GAS, and SANITARY SERVICES METAL MINING TRANSPORTATION EQUIPMENT LEGAL SERVICES COMMUNICATIONS CHEMICAL and ALLIED PRODUCTS $20.26 19.68 18.49 18.43 18.04 16.94 16.65 16.37 15.90 15.85 Hourly Rates (1994) for Production Workers Five Highest 1) Michigan $ 16.40 2) Ohio 14.53 3) Delaware 14.08 4) Indiana 13.90 5) Connecticut 13.82 Five Lowest 50) S.Dakota $ 9.51 49) Mississippi 9.90 48) S.Carolina 10.21 47) Arkansas 10.23 46) N.Carolina 10.67 Reasons For The Differences In Pay