Week 5 Discussion – Methods for Compensating EmployeesDomestic companies use a variety of compensation methods, including several factors

 

Week 5 Discussion – Methods for Compensating Employees

Domestic companies use a variety of compensation methods, including several factors associated with pay methods, job types, duties, and performance. Please respond to the following:

  1. Describe the differences among the five pay methods listed; what is the general purpose for each: Base Pay, Pay Adjustments, Differential Pay, Incentive Pay, Special Pay Situations.
    1. Select three of the pay types and provide a short scenario that describes how to use each of them appropriately.
  2. Reflect on your current or past employment. Was the pay structure appropriate or would you suggest a change?
    1. What change would you recommend and why?
    2. If no change is suggested, discuss the factors you might consider, to affirm the current pay method.
  3. Be sure to respond to at least one of your classmates’ posts.

SHRM-CP Learning System Source Path: My Study Plan (Card) People//Total Rewards//Compensations Systems//Methods for Compensating Employees.

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Human Resources Management Annotated BibliographyPurpose: This assignment seeks to examine the impact of environmental change on management

Human Resources Management Annotated Bibliography Purpose: This assignment seeks to examine the impact of environmental change on management practices.  This project is created to encourage good research and writing skills that are needed for assignments, and to identify and evaluate theories and theorists that influence our management building skills. Your