reply to the students’ response and not the question in 150 words minimum and provide 1 reference. Respond to the students response as though you are talking to them, use name
question
Are the three main elements of compensation systems—internal consistency, market competitiveness, and recognizing employee contributions—equally important, or do you believe that they differ in importance? If different, which do you believe is most important? Least important? Give your rationale.
students response
Internal Consistency: This compares the value of any job against the value of all other jobs within a firm.
Market Competitiveness shows how the company values its employees vs the rest of the market. In order to maintain and attract the best talent. This requires an intrinsic and extrinsic look at the positions within and outside of the firm.
Recognizing Employee contributions recognizes the value that the employee brings into the firm and pays them accordingly.
I personally believe recognizing employee contributions is the most important aspect. This is the only one which specifically measures the employees performance, output and quality of work. Sales jobs come to mind here. If a salesperson brings in additional clients, he deserves a larger bonus than another who only hits the quota. This incentivizes the salesforce to go out and bring in more business. Without a compensation package to influence this behavior it would be harder to get them to work more. Even if sales roles are not considered, the output and quality of work should determine the salary, not the market value of that jobs position or comparing a job to the others within the firm.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more