Compensation decision making analysis Essay Example | Topics and Well Written Essays - 500 words

Compensation decision making analysis - Essay Example Also, in developing a compensation survey, it is also possible that employees needed to fill one type of benchmark job are in demand in certain labor markets, and employees needed to fill another benchmark job are in demand in other labor markets. For both of these reasons, namely that we may be competing with different organizations in different labor markets for one type of employee, and also that we may compete with different organizations in different labor markets for one job in the organization versus another, organizations must relate to a variety of labor markets when conducting a compensation survey. The process begins by looking at which pay areas are the most critical for the organization. In other words, it is looking at where the organization seems to be less effective in competing in the external market. An important indicator of a problem may be the inability to hire qualified applicants and/or high turn-over rates. These are common indicators that the pay set for that job may not be competitive. Another possible indicator of a problem could be low productivity or poor quality. Often the organization decides that it is best to use different job evaluation methods for different groupings of jobs in the organization. When pay is set, the scatter diagrams are usually different and the pay policy line and the y-intercept as well. For this reason an organization may have more than one pay structure. This can occur, for example, when the organization develops one pay structure for upper management and another for lower level employees. In the situation where an organization has more than one pay structure, it is important that questions of fairness are addressed. In general, the amount of overlap should reflect how similar the jobs are to each other; the more similar the jobs, the more overlap there should be, the less similar the jobs, the less

Managing and leading people Essay Example | Topics and Well Written Essays - 3000 words

Managing and leading people - Essay Example The management team, led by a manager helps to harness, support, and offer direction to what is to be done within and outside the organization. The manager does the role of directing individuals to engage in driving the vision, mission, and maintaining the core values of the organization so that it tries succeeds in a competitive market (SIMS 2002, p. 65). Managers participate in a critical role of delivering performance within an organization. A consistent delivery of performance is what dictates the level of performance of a manager. A manager is like a father in a family. He appears to be the breadwinner. He takes less credit now of great success but an entire blame in the case of underperformance in an organization. This means that the work of a manager ranges between performance and underperformance. The manager is the leader of the teams within an organization. Any performance level is dictated by the strategies put forth by an organization, and the ultimate decisions and pathways of meeting these strategies as set by manager. Therefore, the manager is the carrier of every managerial role that is supposed to be realized within an organization. The manager is the sole head when deliberating on the goals and objectives of an organization. Through an effective management of an organization, the manager will be able to relay the best approaches and mechanisms of performance to be adopted by the individual workers in an organization. The manager takes the role of identifying how the individual workers and groups contribute towards fulfillment of the goals and objectives set by an organization. The organizational values are an observance of the manger in charge of an organization. Management involves almost every aspect of living within an organization, and is taken care of by the manager in charge. An organization has its own values and value systems that dictate the nature and code of living, working, and interaction within an