Essays on Compensation

Today, businesses are globalizing to maximize profitability and compete effectively in a competitive environment. As a result, Multinational Corporations (MNCs) have increased. MNCs are enterprises that operate in multiple countries, delivering services or managing production. The rise of MNCs has brought forth diverse challenges for managers. Among these challenges, determining the appropriate compensation and incentives…

Hence, the decision made by an organization how to compensate its labors must be objectively and reasonably for the contribution from its labors in order to facilitate the corporate development and at the same time ensure the satisfaction of employee with monetary compensations (Chichi-Jean Shies, Social Behavior and Personality, 2008) Compensation can be defined as…

This paper is based on the salaries and the benefit administration strategies with reference to the organizational culture and the performance of the employees working in insurance companies. The organizational culture and the policies that are designed for the insurance companies is different from that of the other companies in various ways and so their…

Every company, organization, or corporation has its own set of compensation philosophy, beliefs, strategies, practices and policies. They possess and abide by their own standards. These entities formulate and devise their own compensation plans to benefit their organizations and encourage employees to work properly and perform well. Compensation is generally defined as something received in…

A controversial business ethics issue that has been a debate for over a decade now is concerned with executive versus employee compensations. Since the 1960s, corporate executive compensation is at its highest level and continues to grow, while the average salary worker remains stagnant or has increased at a slower and lower rate. According to…

As a worker, you wake up daily and prepare to go to work. Upon arrival at work, you do or say what expected of you all through your working hours. Making you a dedicated and well-disciplined person. However, illness could occur during your passionate delivery of excellence at work. An accident at your place of…

Companies invest extensive resources, time, and energy into their business strategies with the end goal of maximizing profitability. Talent management plays a major role by investing in those people who will make those business strategies happen. The success of a company is largely dependent on how they invest in those people performing the job responsibilities….

The occupation as progress the conscript and possess very well competent and trained people balance it’s very important that you could arrange the salary that it could matches with that present with difference improved occupation you can use in that industry.By surrounding the workers with much better payment it make use of the best ways…

Executive Summary Does the adage ‘You Cannot Buy Happiness’ stand true in organizations of today? When employee satisfaction and happiness is weighed, do the results tell the story of the most highly compensated employees being the happiest or it is a different story. A second version may tell the tale of highly motivated and engaged…

Compensation is defined as the reward an employee receives for the work they performed at an organisation, either monetary or nonmonetary (Lepak & Gowan, 2010). This strongly influences an employee’s behaviour and attitude as it shows how the company values them. Further, a competitive compensation system enables companies or employers in attracting, motivating and retaining…