Compensation systems for executives in different cultural context

Table of contents Compensation ashes, its functions 1. General concept of corpse Thus, the subject of this bunk is compensation governing body. All methods of stimulation aim in the organization are part of the reward system. The system includes rewards that the organization can offer to an employee in exchange for his wrick for the benefit of the organization. With the rewards managers can influence behavior of employees, make them pi angiotensin-converting enzymeer in some specific way or fleck out tasks. However, some authors (e.g. Shapiro and Henderson) divide rewards into compensation and non-compensation. Compensation calculate is understood as material benefits (profits, etc.), while non-compensation part - the impalpable rewards, praise, encouragement, positive effect on se lf-esteem, etc.

Next I would like to elaborate on the material part of remuneration, i.e. on a compensation system of the organization. It is based on lead comp wizardnts: Basic part. This includes the basic wage rate, which is determined by distributively organization depending on its inbred characteristics and rules, reigning in the macro environment (industry, country) Variable part. It includes various bonuses, allowances, which provide main(prenominal) stimulation functions. The companionable package, which is organise on the basis of organizational social policy. start-off of all compensation s ystem is the main way to subscribe an impac! t on staff pauperism and as a consequence on the performance of their work. In addition, compensation is similarly intended to achieve several valuable goals (Shekshnia, 2002): Involving staff in the organization. One of the main principles for employee while choosing between organizations is a similitude of compensation systems in different companies. Considering that nowadays wealth is one of the main resources, which are necessary for ensuring human life, every employee tends to have a place of employment, where compensation policies will meet their needs. Retaining employees in the organization. Remuneration in the organization... If you want to get a wide essay, order it on our website: OrderCustomPaper.com

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