Compensation Package

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    Supporting Good Practice in Managing Employee Relations

    A GUIDE TO SUPPORTING GOOD PRACTICE IN MANAGING EMPLOYEE RELATIONS CONTENTS Internal factors that impact employee relations | Page 3 | External factors that impact employee relations | Pages 3-4 | Employment status | Page 4 | Employee rights | Page 5 | Legislation relating to work/life balance | Pages 5-6 | Family/parent-related legal support | Pages 6-7 | Equal pay | Page 8 | Equalities Legislation | Pages 9-10 | The psychological contract | Pages 10-11 | Fair and unfair

    Words: 4225 - Pages: 17

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    Recognizing Employee Contribution

    Incentive programs are one of many ways organizations motivate employees. Our goal is to design an incentive program that is aligned with the company’s goals, needs, skills, and abilities. Incentive pay can be determined by merit pay and performance bonuses. Studies have found that pay-for-performance plans help achieve organizational goals and desired performance results. Merit pay is a reward in which employees receive permanent pay increases such as raises as a function of their individual performance

    Words: 959 - Pages: 4

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    Southwest Airlines

    Melissa Renobato April 6, 2015 Case Study 6 Taking Responsibility: “High-Flying Labor Relations at Southwest Airlines” Based on the information provided the Phoenix policies for pay and benefits I find reasonable are that they pay part of the health insurance premiums and offer dental coverage. I like the automatic enrollment of life insurance and the option to purchase additional insurance for spouse and children. Also, the payments to the City’s pension plan from both employees and employers

    Words: 338 - Pages: 2

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    Advantages of an Internal Equity Plan

    The Advantages of Internal Equity in a Compensation Plan An effective employee compensation system must balance two factors -- worker motivation and labor costs. In designing your company's pay plan, you must consider both external equity and internal equity. External equity refers to comparisons with other competitive pay structures. Internal equity means ensuring fairness in pay for employees working similar jobs. There are some advantages to considering internal equity. Perception of fairness

    Words: 419 - Pages: 2

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    Unit 13

    Recruitment and Selection Recruitment is the process you go through for hiring a member of staff that you need to cover the skills gap you need. Selection is when you complete certain steps in finding the right candidate for the job and you select the right one. The main reasons why companies recruit is to cover a skills shortage that they require in their business or if someone is leaving to go and work for another business, therefore the position needs to be filled. A person being recruited for

    Words: 2462 - Pages: 10

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    A Study of Pay Inequity Between Genders

    A Study of pay Inequity between Genders   Abstract As long as an American woman is putting in the same amount of hours with the same qualifications and experience in the same occupation as an American male, and yet taking home a wage that is any lower, she is not being treated fairly as an equal. Contrary to many arguments, it is unquestionable that a wage gap exists, and while there are various ideas as to the most probable cause, there is no reason why this gap should continue to go uncorrected

    Words: 2595 - Pages: 11

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    Unit 5 - 3mer - Supporting Good Practice in Managing Employment Relations

    Unit 5 – Certificate of Human Resource Practice 1.1 - Describe the internal and external factors that impact on the employment relationship There are many factors that can impact on the employment relationship, both internal and external. External Factors - The availability of alternative jobs is a external factor of the labour market and can impact the employment relationship due to staff being head hunted by other companies, they know that they can easily find a new job should they

    Words: 2711 - Pages: 11

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    Compensation and Benefits Strategies Recommendations

    Compensation and Benefits Strategies Recommendations May 20, 2014 Steven Colon James Thompson Oscar Caldera University of Phoenix HRM/531 Robin Sully Compensation and Benefits Strategies Recommendations The following paper will be about the development of the compensation and benefit recommendations for Mr. Bradley Stonefield. This development will have a market evaluation with researches on what companies in the relevant market are providing to employees from a total compensation

    Words: 1444 - Pages: 6

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    Unequal Pay in the Us

    Summary of Law According to the Lilly Ledbetter Fair Pay Act of 2009, women in the US are paid 77 cents to every dollar that men are paid (The Lilly Ledbetter Fair Pay Act of 2009, 2009). African-American women on the other hand, earn 64 cents for every dollar, while Latina women earn 55 cents per dollar earned by men. The Equal Pay Act of 1963 (EPA) was created to require that men and women in the same workplace be given equal pay for equal work (U.S. Equal Employment Opportunity Commission, n

    Words: 1181 - Pages: 5

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    Discriminatory Wage Gap

    Discriminatory Wage Gap “The gap between the median wage for a man and that of a woman in 2010 was $10,784.00 per year. The gender wage gap gets larger with age and builds up over time. But for women in the final five years of their careers before retirement, the wage gap grows to a whopping $14,352.00. Over a 40-year career, the average woman will lose $431,000.00 to the gender wage gap” (Cooper 1). Does this seem fair? It seems quite obvious to the common observer that there should be equal pay

    Words: 2903 - Pages: 12

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