Pay structure in a company depends upon several factors. E.g… wage settlements. Labour market situation. Company’s nature and size. etc. Pay structure consists of certain grades. Scale and range of pay in each scale. Each scale has aminimun and a maximum limit. Jobs places within a particular grade carry the same value though the actual pay in a grade depends upon length of service and or performance of the employee. Pay structure in India generally consists of the following components
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Figure: Methods of Performance Appraisal Compensation Determination Definition Employee compensation refers to all forms of pay going to employees and arising from their employment. Direct financial payments include wages, salaries, incentives, commissions and bonuses whereas financial benefits like employer-paid insurance and vacation. It has to main components: Figure: Employee Compensation Different types of compensation include:
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INTRODUCTION Holidays and leave entitlements fall into four main categories. They are described in section 3 of the Holidays Act 2003: Section 3: Purpose The purpose of this Act is to promote balance between work and other aspects of employees’ lives and, to that end, to provide employees with minimum entitlements to— (a) annual holidays to provide the opportunity for rest and recreation: (b) public holidays for the observance of days of national, religious, or cultural significance: (c)
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Compensation Philosophy Paper Name ________ Professor ______ Introduction Compensation is viewed differently, depending on the individual persons perspective (e.g. employee, manager, stockholders, etc.). An employee may view compensation as what is owed to him or her for work performed, while a manager may view pay as an expense. In order for an organization to have an effective compensation strategy, it must consider the various perspectives when creating the organizations compensation
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When a business firm is looking to expand to new locations a popular place is East Asia. Two popular countries are Thailand and Taiwan. It is pertinent to know what is going on in these countries before expanding a business into them. This includes things like environmental regulations and their wage and working hour regulations. These things are important because a company wants to expand they want to ensure that they will still be held in a respectable manner by other business because they are
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yTHE IMPORTANCE OF PAY IN EMPLOYEE MOTIVATION: DISCREPANCIES BETWEEN WHAT PEOPLE SAY AND WHAT THEY DO Sara L. Rynes, Barry Gerhart, and Kathleen A. Minette A majority of human resources professionals appear to believe that employees are likely to overreport the importance of pay in employee surveys. However, research suggests the opposite is actually true. We review evidence showing the discrepancies between what people say and do with respect to pay. We then discuss why pay is likely to be
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Wages: Is There Really a Gender Pay Gap Abstract The wages used in the following research paper were taken from a population of 100 workers and divided by 12 descriptive statistics. The purpose of this research is to determine if there really is a gender gap with wages. The following descriptive statistics were used: wage, industry, occupation, education, location (from the south or not from the south), non-white, Hispanic, female, ex-military, marital status, age and Union. This
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Ethical Issues in Management This paper analyzes the ethical and legal issues encountered by management in organizations daily. The relationship between social issues and the ethical requirements of management as it relates to family and personal issues is also discussed. Family and personal issues affect lives of working adults each day. Ethical dilemmas occur in the workplace when dealing with family and personal issues. One of these examples is discussed during the progression of this paper
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EQUAL EMPLOYMENT OPPORTUNITY 7 3. SEXUAL HARASSMENT 8 4. BUSINESS EXPENSES 11 5. INDUCTION 12 6. HEALTH, SAFETY & ENVIRONMENT 13 6.1 Smoking 13 6.2 Alcohol, Drugs (& Other Substance Abuse) 14 6.3 Manual Handling 14 6.4 Workers’ Compensation 15 6.5 Total & Permanent Disability 15 7. PERFORMANCE MANAGEMENT SYSTEM 16 7.1 Introduction 16 7.2 Performance Management Philosophy 16 7.3 Position Descriptions 16 7.4 Probationary Period Reviews 17 7.5 Performance Appraisals
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Kelly is a 22-year old recent college graduate who signed up to through the Japan Exchange and Teaching (JET) Program. She was hired as an assistant language teacher (ALT) in Soto and was confident that she knew what to expect. After a few months working there, Kelly had gotten the flu and called her boss notifying him that she would not be able to go to work for a couple of days. Her boss was aware that foreigners are known to call in sick to extend the length of their weekends so he asked her
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