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Human Resource Compensation (Example)

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Student name Course Lecture Date Question 1 Part 1 Ways of retaining employees in a company by rewarding aspect Rewarding employees is one of the biggest concern to increase turnover within any company. This is normally done to boosts their welfare within the organization. Some of these aspects are highlighted below: Increasing their salary profits and bonuses –when a particular sale has gone successfully in an organization the managing board should recognize the employees by increasing their bonus level salary and profits to motivate them since they are the ones who have made the sale. They should also be paid on time to enable them to cater their needs. The company should offer pension schemes health services. When the employers notice that the number of employees has increased they should provide pension schemes and health services to boosts employee trust and prevent absenteeism in case of attack by diseases these employees. The organizations also need to consider the resources they have when they are compensating their employees if they have much resources it means they need to compensate their employees reasonably high but not excessive and if they have minimal resources they will compensate their employees with few amount in terms of salaries and other privileges. The organizations also need to have minimum compensation. Many employees are usually compensated according to their responsibilities. As recommendation these organizations should consider surveys to determine the wage of their employees. Work cited Council of non-profits. Compensation for Nonprofit Employees retrieved from Ejimofor Cornelius Ogu. Management of Human Resources. Page Publishing Inc 2016. Kassam Amne. Challenges of human capital management information system (lawson version 9) in local government authorities the: case of Shinyanga municipal council. Diss. 2013. Mckisey. What is value-based management? Retrieved from Michalski Grzegorz. "Value-based inventory management." (2013). [...]

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Subject Area: Employment

Document Type: Reports

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $15

Words 550

Pages 2

Completed in 21 days

Expert BusinessPRO

Client Review

Great writer on time and detailed.


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