We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

My Reflection On Compensation Management

Categories Compensation, Management

Reflection, Pages 2 (287 words)



Reflection, Pages 2 (287 words)

Compensation Management

            The amount of compensation an employee receives for his or her services to a firm is a very sensitive issue because it is a reflection of what the employee is worth to the firm. Compensation even is one of the major motivators for employees; and it is motivation that leads to increased productivity. A firm can choose to compensate its employees based of length of tenure and seniority or based on ability and productivity. Both systems have raised a lot of debate.

Don't waste time.

Get a verified writer to help you with My Reflection On Compensation Management

HIRE verified writer

$35.80 for a 2-page paper

            In my opinion, the aim of management is to add to a firm’s bottom line by attracting and retaining talented and dedicated employees. It is an employee’s productivity that adds value to an organization, and it should be the most influential factor in determining compensation. If compensation is solely based on length of tenure, new skilled and talented employees who must of course start in lower hierarchies may be de-motivated because they are compensated below their equals who have stayed in the organization for longer periods of time.

This will then be a sure way of getting rid of talent from the organization.

            I think that even though senior employees have more experience in the operation of an organization and can double up on various responsibilities within the structure, this should not be the only aspect considered in awarding compensation. In fact, I am an advocate of skill-based pay systems under which employees are rewarded according to the expertise and competencies as exhibited in their service delivery.

Top writers

Tutor Janice

shield Verified writer

starstarstarstarstar 4.9 (549)


shield Verified writer

starstarstarstarstar 4.7 (239)

Doctor Jennifer

shield Verified writer

starstarstarstarstar 5 (893)

HIRE verified writer

This applies to promotions: seniority should be awarded on merit to avert de-motivation which could arise if employees are promoted based on the length of their tenure instead of their ability and productivity.

Cite this essay

My Reflection On Compensation Management. (2020, Jun 01). Retrieved from https://studymoose.com/compensation-management-new-essay

Stay safe, stay original

It’s fast
It’s safe
check your essay for plagiarism

Not Finding What You Need?

Search for essay samples now


Your Answer is very helpful for Us
Thank you a lot!