Compensation - 949 Words

Compensation Luis A Galloza University of Phoenix Human Capital Management in Puerto Rico HRM/571 PR December 21, 2011 Marta Angeli Rivera, PH-D. Compensation Compensation is everything the employee values and want and what the employer is able to offer in return for the contributions of the employee (Cascio 2006). This compensation system is composed of financial and non-financial incentives. Financial compensation are direct payments (wages) and indirect payments (benefits). Non-financial company, recognition, training programmes, decisions etc. involve everything in the work environment that helps increase your self esteem and respect of his teammates (Cascio 2006) Sales force compensation plan is†¦show more content†¦As the expansion of Puerto Rico is very recent some benefits that are offered in the parent company (401 k, payment of University studies, seminars, etc.) were implemented later when the company is more stable in the island. Interclean company offering this package of compensation for employees and demonstrate how important are for the organization. Interclean is facing a difficult process, but if the company have employees with compromise and motivated the success is something secure. References Cascio,W. (2005). Managing Human Resources: Productivity, quality of work life, profits (7th ed.) New York, NY: McGraw-Hill. Hernandez, Rosa M, 2006, Managing compensating in times of inflation, Caribbean Business, January 26, 2006. Maslow, Abraham (1943). A theory of human motivation, recuperate from books. Google. es. Mondy,R.W.(2008). Human Resource Management (10th ed.) . Upper Saddle River, NJ: Pearson. CERTIFICATE OF ORIGINALITY: I certify that the attached paper is my original work. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I confirm that I have cited all sources from which I used language, ideas, and information, whether quoted verbatim or paraphrased. Any assistance I received while producing this paper has beenShow MoreRelatedCompensation1425 Words   |  6 PagesINTERNAL EQUITY (ALIGNMENT) AND EXTERNAL EQUITY (COMPETITIVENESS) After reviewing the Wilson Brothers Case Scenario, as Director of Human Resources for the organization, what conclusions can you draw with respect to the status of the company’s compensation strategies that are currently in place? What would you do to begin to address this situation? (3 Marks) Provide Constructive Feedback to at least two other student’s postings. (2 Marks) HINT:-reference both internal equity (alignment) and externalRead MoreCompensation1324 Words   |  6 PagesCompensation Philosophy Paper Name ________ Professor ______ Introduction Compensation is viewed differently, depending on the individual persons perspective (e.g. employee, manager, stockholders, etc.). 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