sample
Haven't found the Essay You Want?
GET YOUR CUSTOM ESSAY SAMPLE
For Only $12.90/page

Salary Essay Topics & Paper Examples

Performance related pay

Organizations pay salaries to their employees based on the type of services rendered. Salary levels rise system is one of the most critical elements in strategic human resource management. This is primarily due to the role played by rewards and compensation system in determining employee productivity. Rewarding the employee on the basis of his productivity or performance generates enthusiasm and interest within the employee to perform better. Moreover, this approach tends to increase the level of motivation encouraging him to perform better. An intrinsic part of rewards and compensation strategy is performance management that seeks excellence and high quality work from the work force. The study highlights various theories in relation to performance related pay and associated human resource strategy….

Shareholder-principal conflict

Chapter 1: Problem 2. Explain several dimensions of the shareholder-principal conflict with manager agents known as the principal-agent problem. To mitigate agency problems between senior executives and shareholders, should the compensation committee of the board devote more to executive salary and bonus (cash compensation) or more to long-term incentives? Why? What role does each type of pay play in motivating managers? The compensation committee should devote more to long-term incentives for the following reason. The goal of every organization is to retain employees. I’ve found in my career that employee retention is successful when employees have a good long-term incentive package. For instance, I work for a company who gives stock options to managers/employees however employees are not able to…

Salary Caps in Sports

Salary caps are used in all pro sports and can impact any team. Caps are imposed limits on the money a team can spend on their players salaries. Salaries in pro sports are becoming out of control and reaching 100 million dollars. Teams are becoming unbalanced and are losing profits. Salary caps should be used in pro sports. Did you know that Michael Vick now makes nearly 100 million dollars a year? He is even making this much after missing over two years of football and being thrown in jail for dog fighting. The average salary of a NFL player is about $770,000 yet the average salary for a teacher is about $42,000. Even after players make millions, they can…

Payroll and Attendance Monitoring

I. DESCRIPTION OF THE PROJECT A payroll system is a method of paying the employees of a company with a proper and just compensation. The company can collect information about the employee, like name, address, age and reflect this information into the payroll system. The system makes the complex calculations, including withholding taxes and paid leave time, and spits out all the figures including the net amount paid to the employee. Attendance monitoring system with finger print scanner is a computer system that monitors the presence of the employee every working day. This system will determine the number of working days an employee is at present that will be forwarded to the payroll system which will be used to the…

Appointment Letter

We are pleased to offer you employment in the position of HR Officer, effective from 1st April 2015. This appointment is subject to the following terms and conditions: 1. BASE SALARY Your starting annual salary is £25 000. 2. PROBATION You are required to serve a probationary period of 12 weeks after which your service will be confirmed subject to satisfactory performance. The probationary period may be extended or shortened at the absolute discretion of the Company. During the probationary period, the appointment may be terminated by either party giving 1 weeks’ notice in writing to the other party. 3. DUTIES AND RESPONSIBILITIES You are required to perform the duties and responsibilities related to your position at any division, department…

The Effect of Laws & Regulations on Total Compensation

There are certain applicable Federal and State laws that do have some type of affect on compensation within an organization, as well as taxes paid on income. The way an organization determines the benefit plan and salaries of its staff are directly related to the guidelines produced from certain Federal and State laws. A law that is well known and is a top priority for organization to adhere to is the fair labor standard act. The owner of the business organization needs to be familiar with it. This law is related to dealing with five major laws of the compensation. These are the minimum wage level, overtime pay, record keeping responsibility and the child labor. In recent years, there have…

Employee Performance

The process of producing an environment in which individuals can perform duties to the best of his or her ability is known as performance management. The processes of performance management start when the company requires an employee to perform a specific and ends when an employee departs from the organization (Heathfield, 2013). At Riordan Manufacturing there are many important positions that depend on the performance management system to ensure that employees achieve company set goals and objections. Riordan Manufacturing performance management systems are very important. The two positions chosen by Team D to discuss in this paper are the customer service rep and chief financial officer. Team D will describe the general function of performance management systems, suggest two job…

Alliston Instruments-Case Study

Executive Summary In 2011 two Asian firms entered the Canadian market in 2011. An Asian competitor made a major sales push by slashing prices in late 2011, cutting dramatically into Alliston’s sales in 2012. This move caused Alliston to lay-off 50 employees their largest layoff in company history. Alliston introduces new products to its line to counter the Asian firm but employees had no interest in working on the new products and preferred the old products to work on. Alliston in late 2012 in an effort to increase efficiency persuaded the union to accept an incentive program in exchange for job security. An individual performance pay plan was implemented with no detailed records to set standards. Standards were based on…

Employer-Employee Relations in Northrop Grumman

Employer and employee relations have many different ways in which organizations understand laws and guidelines set forth by governing bodies in the respective area and within the entire nation (Bennett-Alexander, & Hartman, 2007). This paper analyzes the differences in regular employees vs. temporary employees and independent contractors. It will also discuss the differences between exempt and non-exempt employees. Finally, it will look at the laws in Colorado and how Northrop Grumman responds to those laws. “Regular” Employees vs. Temporaries or Independent Contractors The Board of Directors and human resources department at Northrop Grumman strongly believes in and upholds the various employment laws that have been established and enforced by the EEOC. Northrop Grumman’s human resource department has provided an employee…

The need for designing of Compensation Policy

Introduction Organizations should establish and communicate clear principles by which employees are paid. At a minimum, organizations need to ensure that their compensation policy adheres to employment legislation. Policy guidelines should reflect the thinking, values, and basic strategies of the company, and they must be set consciously and thoughtfully by top management. Before setting compensation policies, management should address some basic policy questions:• How will jobs be valued (by content, skills required, etc.)?•How should pay compare to similar positions in relevant markets?•What is the policy with respect to pay for performance?•Is there a commitment to pay in relation to inflation, and if so, what is that commitment?•Will all persons and jobs be treated in the same way regarding compensation policies,…

The “Slade Plating” business case study

Summary: The dishonest behavior that the employees of the plating department are engaged in has no negative effects on the desired output of the department. As a result, the Slade management should not be consumed with addressing this issue and consider it a low priority. However, Ralph Porter must consider why employees are forced to fulfill their basic needs outside procedure and address the flaws of a department policy that rewards attendance and discourages productivity. Sarto Group/Team Norms: Strong, because there is a clear benefit to group membership and individuals do not want to risk exclusion. Norms are explicit and derived by initial patterns. *Tony Sarto: (effective leader) – superior technical skills *Motivated: employees take pride in quality – hold…

Descriptive Statistics

In research, the need to accurately produce results is imperative to efficient research. Team C’s hypothesis of what generates champion teams needs many tools provided in research to achieve a true answer. Team C has further simplified the meaning of champion team to any team whose team dynamics cause the team to have a winning season. With that being said, this paper will be focused on the research tools needed and the results provided by the tools to answer what stats are important for teams in the MLB to win games and eventually be champions. Measures of Central Tendencies Even when dealing with enormous sets of data it is important to get an idea by looking at the measures of…

Levi Strauss

The question we are asked in this case study is whether or not we would buy shares of stock in Levi Strauss knowing that its managers are willing to trade off some economic efficiency to operate according to their collective view of what is “ethical”. On the surface, it appears that Levi Strauss & Co. upholds the highest ethical standards. However, what is ethical to some may not necessarily be ethical to others. Like any business, Levi Strauss strives to position themselves well in the minds of stakeholders and they have maintained their good name and position in the market. “The company’s approach to ethical management is as familiar to business leaders as its jeans are to teenagers” (Jackson, Schuler,…

Advantages and disadvantages of studying abroad

Almost every student around the world wishes to pursue his or her education. However, every issue has its pros and cons. In order to making a better decision, one has to explore different aspects of a plan. Studying abroad lets you experience things you have never faced them before. It gives you the opportunity to communicate with different people who have different religions and speak different languages. This will improve your social skills. In addition, when you graduate from a university in a foreign country, It will make you more prestigious. In work life and in your personal life, It will bring more respect for you. To them, you are a person who experiences a different world with different inhabitants….

Internal and External Equity Comparisons

Organizations that has the drive to flourish in a market that is very competitive must have a compensation plan that is well designed and inspires its employees, has benefit programs, guarantees equity, and handles compensation costs. These plans should mirror the culture of its employees. Organizations have numerous of options when designing a compensation plan comes into play, and must consider how the options they have chosen will be suitable for their strategy for engaging and keeping their employees. This paper will identify a total compensation plan for an organization, identify the internal and external equity advantages and disadvantages, and provide and explanation on how each plan supports the total compensation objective and the relationship to its financial situation. Total…

Introduction Of Payroll information Management System

The electronic and computerized Payroll System and at the same time information management system will not only offer exact calculations and accurate data of designated employees but it will also implement security measures and confidentiality of the files and accordingly arrange documents provided by an ingenious and quick-witted database that will indeed construct a paperless environment. With the aspiring technologies been thought up today, this minimize the burden and heavy loads of labor of the employees designated in the human resource management office of a certain company or institutions. Statement of the Problem The EVSU – Human Resource Management Office carries out different functions where it comprises manpower planning, job analysis and description, determining wages and salaries and welfare to…

Your work role in health and social care

Bi) Describe the terms and conditions of your employment as set out in your contract of employment or employment agreement 1) Commencement of employment – The date my employment starts. 2) Job title and duties – I am employed as a day support worker, my duties are set out in my job description. I may be required to undertake other duties from time to time. Reporting to my home manager or team leader. 3) Place of work – I will mainly be based in the home but may be required to work at another home. The employer may change my place of work to within 10 miles of the current location but i will be given one months notice of…

Compensation and Benefits Strategies

A strategic plan for employee compensation determines how much you want to pay employees and what type of employees you want to attract. Your compensation plan entails a variety of aspects including pay scales, reward programs, benefits packages and company perks. A successful strategic compensation plan allows your business to compete in the market for the best employees in your industry (Lister, 2013). In order for this medium sized construction business to structure itself and be market competitive then research around benefits, compensation, merits, and the laws related to benefits and pay programs needs to be conducted. The success of the business will rely on the research put into it. Construction Market Evaluation When looking at the relevant labor markets…