Taking a Look at Worker Compensation - 787 Words

The Human Resource is one of the main departments in a business that was established to serve the rights of the employees and the policy of the organization. It is then divided into sub disciplines which consist of Compensation and Benefits as one of the essence in the structure of managing an entire workforce. As being mentioned in www.boundless.com, Compensation deals with the salary and wages of the employees. There are several definitions about Compensation, but generally, Compensation is the overall form of monetary or non-monetary pay that is given to the employees as a reward for their required services and relationship to the employer. (Susan M. Heathfield, n.d.) The importance of Compensation is relatively apparent to an organization as it affects the wellbeing and performance of an employee. Thus, it gives impacts to the operation of a fit organization. Therefore, compensation should be abided by the objectives of itself that focuses on the four main units which are efficie ncy, fairness, compliance and ethics. According to Rose Johnson of Demand Media, the objectives of instituting a compensation deal can be distributed into three specific parts – motivation, retention, and compensation law. To deliberate on how compensation influences employees’ behavior, it is only relevant to emphasize on the motivation of the employees. The idea of compensation stimulates the drive of an employee to strive their best to meet up to the expectations of the organization goals. TheShow MoreRelatedRole of Compensation in Human Resources Management773 Words   |  4 Pages Compensation and Benefits: Definition and Importance Compensation, Benefits, Employee Benefits, fringe benefits, compensation and benefits Posted by Numan Nazir on Friday, 02/12/2010 12:07 am       Human Resource Management (HRM) has never been as significant as it is today. Companies want to attract, retain and motivate brains to meet objectives. Today Humans are regarded as one of every company’s assets so they need to be efficiently and effectively managed. One of the tools companies use to attractRead MoreEmployee Is Harmed At Work1581 Words   |  7 PagesIn the event an employee is harmed at work and they meet all the requirements for workers compensation they can get health advantages and salary for the amount of time they miss work. With a specific end goal to get these advantages, the representative must lose their entitlement to sue their manager for the offense of disregard. There are a wide range of arrangements, which fluctuate from state to state. The workers that fit the bill for pay can get week after week installments as opposed to beingRead MoreCOMPENSATION CH. 11449 Words   |  4 PagesTurn†¦ 1. The replacement of highly paid workers with lower-paid workers did not cause Circuit City to perform so poorly. I have come to this conclusion based off of the section, Caveat Emptor, and am confident in my response. I do feel as though the variables were measured effectively and were useful in their research. However, just because it was useful does not mean they were actually related. The replacement of the highly paid workers with the lower paid workers is not necessarily the reason for CircuitRead MoreThe Ethics Behind A Ceo Making 600 Times More Than An Average Worker1440 Words   |  6 PagesThe ethics behind a CEO making 300 times more than an average worker. The problem in America today isn t that some people are getting rich. We d probably all like to be rich. The problem is, most people are getting nowhere,† David Bonior (D-MI) has argued. Why is it that Chief Executive Officers of large companies are making upwards of 500 times more than their average worker? And why are some CEOs only making $1 per year in salary? This paper gives a forefront for different types of CEOs, includingRead MoreThe Objectives And Objectives Of Hr Administration1585 Words   |  7 Pagessteam clients in downtown Milwaukee. Despite the fact that everyone needs electricity and jobs in today s economy, organizations try to look after gainfulness, pull in and hold gifted workers, and stay in front of its opposition. These objectives require strategic planning to adequately convey particular purposes to deliver results, for example, making compensation and benefit plans for their representatives. WE Energies understands that pay and benefits are a necess ary piece of HR administration,Read MoreAnalysis Of The Hr Department With The Ideals And Goals Of The Organization1525 Words   |  7 PagesIt is great that this meeting is taking place because in order for human resources to work, it is important to communicate and link the strategies of the HR department with the ideals and goals of the organization. There are three levers of Human Resource Management, staffing, training, and compensation. Compensation is the most important of the three because it deals a lot with pay. Echo’s compensation is going to have a big effect on the employee’s attitudes and behaviors as well as impact theRead MoreThe Female Employer May Sue For Emotional Distress956 Words   |  4 Pagesfemale employer could file a Workers Compensation claim. In the Supreme Court of Virginia. Ms Butler filed a workman s comp claim, Butler v. Southern States Coop. Inc., __ Va. __, 620 S.E.2d 768 (Nov. 4, 2005), stating among other things, her employer was responsible for the emotional distress when a co-worker grabbed her and tried to kiss her while conducting business duties. However Ms. Butler lost her case, with the courts stating the workers compensation law does not cover distress,Read MoreThe Goals Of Disability Management Programs1419 Words   |  6 Pageswho are attempting to return to work following an injury or illness via change in job task and or the work environment to enable workers with temporary or permanent disability to perform work productively. In light of financial and legislative realities, organizations develop disability management programs to prevent workplace injury and illness and to accommodate workers in a manner that facilitates early and safe return to work. The goals of disability management programs include promotion of safeRead MoreThe Primary Determinant Of Rate Of Pay Essay1472 Words   |  6 Pagesher pay category, skills do. The more skills a worker has, the higher the wage. Skill-based p ay systems seems to mean nicely with the changing nature of jobs and the new world of work, Henderson (2004). 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