Compensation Management

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Compensation Management

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Human Resource Systems Management Of Discipline 1 Human Resource Systems Types Of Discipline Problems: • Attendance • On-The-Job Behaviors • Dishonesty • Outside Activities 2 Human Resource Systems Before Disciplinary Action: • Seriousness Of The Problem • Duration Of The Problem • Frequency And Nature Of The Problem • Employee’s Work History • Degree Of Socialization • History Of The Organization's Discipline Practices • Implications For Other Employees • Management Backing 3 Human Resource Systems • Make Disciplinary Action Corrective Rather Than Punitive • Make Disciplinary Action Progressive • Follow The “Hot Stove” Rule (Immediate Response, Warning, Consistent, Impersonal) 4 Human Resource Systems Disciplinary Actions: • Oral Warning • Written Warning • Suspension • Demotion • Pay Cut • Dismissal • Employment-At Will 5 Human Resource Systems Compensation Management 6 Human Resource Systems • Basic Wage/Minimum Wage • Living Wage • Competitive Wage Based On: • • • • Employee Retention Required Attrition Motivation Get Deliverables 7 Human Resource Systems Components Of Compensation: • Basic Salary/Wage • Dearness Allowance • Bonus • Commissions • Mixed Plan • Sign On Bonus 8 Human Resource Systems Components Of Compensation: • Piece Rate Wages • Fringe Benefits • Profit Sharing • Reimbursements • Sickness/Maternity Compensation 9 Human Resource Systems Competition Motivation Retention Comfort Wage Living Wage Basic Wage Set Model Market Rate Competitor 10 Human Resource Systems Why Retention? 11 Human Resource Systems • Costly To Recruit • Loss Of Skill Sets And Knowledge To Organization • Low Morale For Other Employees • Loss Of Continuity For Customers • Training Time And Investment 12 Human Resource Systems Strategies For Retention: • Employee Satisfaction • Quality Of Supervision • Employee Ability To Speak Freely • Talent And Skill Utilization • Perception Of Fairness And Equitable Treatment • Tools, Time And Training • Growth Opportunities • Rewarded, Recognized And Appreciated • Never To Threaten Employee Job And Income 13 Human Resource Systems Separation Policy 14 Human Resource Systems • Voluntary Separation - Resignation - Quit Without Notice - Medical Necessity - Retirement 15 Human Resource Systems Involuntary Separation • Staff Reduction • Completion Of Contract • Discharge For Unsatisfactory Job Performance • Misconduct 16 Human Resource Systems THANK YOU 17

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