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Compensating employees (Example)

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Compensating Employees Student’s name Institution’s name Compensating Employees In case any organization decides to the compensation policy it will use it must have a philosophy which it will follow. The philosophy will consist of the decisions of the organization about the various benefits and compensation. Compensation merely is that process of giving payments to employees after meeting their set tasks (Vallejo Peña 2016). The compensation will show why some employees are paid particular amounts issues concerning bonuses and why it may demand pay raise to some employees. The Danish Companies Act of 2010 developed Maersk compensation philosophy. This act states that before any organization can come up with an agreement have the pride of working with the company. To mark the end of the essay the compensation philosophy of Maersk Company should be emulated by other companies. Employers should consider the influence of the market when determining the pay. Companies should give some discretionary benefits which have been theoretically proved to increase the productivity of the employees. References Katona Z. & Sarvary M. (2014). Maersk Line: B2B Social Media – “It’s Communication Not Marketing”. doi:10.4135/9781526409300 Vallejo Peña A. (2016). Cultura organizacional y fusiones transnacionales: una aproximación al caso Maersk Sealand / Organizational Culture and Multinacional Mergers: An Approach to the Case of Maersk Sealand. Revista Española de Investigaciones Sociológicas. doi:10.5477/cis/reis.156.141 [...]

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Your submission should be two pages in length and double-spaced using 12-point Times New Roman font

Subject Area: Management

Document Type: Paraphrasing

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

Project's rating is 5/5

Price $20

Words 550

Pages 2

Completed in 3 days

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