Compensation Management (PowerPoint)

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					Human Resource Systems

Management Of Discipline

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Human Resource Systems
Types Of Discipline Problems: • Attendance • On-The-Job Behaviors • Dishonesty • Outside Activities

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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
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Human Resource Systems
• Make Disciplinary Action Corrective Rather Than Punitive • Make Disciplinary Action Progressive • Follow The “Hot Stove” Rule (Immediate Response, Warning, Consistent, Impersonal)

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Human Resource Systems
Disciplinary Actions: • Oral Warning • Written Warning • Suspension • Demotion • Pay Cut • Dismissal • Employment-At Will
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Human Resource Systems

Compensation Management

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Human Resource Systems
• Basic Wage/Minimum Wage • Living Wage • Competitive Wage

Based On:
• • • • Employee Retention Required Attrition Motivation Get Deliverables

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Human Resource Systems
Components Of Compensation: • Basic Salary/Wage • Dearness Allowance • Bonus • Commissions • Mixed Plan • Sign On Bonus
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Human Resource Systems
Components Of Compensation: • Piece Rate Wages • Fringe Benefits • Profit Sharing • Reimbursements • Sickness/Maternity Compensation
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Human Resource Systems
Competition Motivation Retention Comfort Wage Living Wage Basic Wage Set Model Market Rate Competitor
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Human Resource Systems

Why Retention?

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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
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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

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Human Resource Systems

Separation Policy

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Human Resource Systems
• Voluntary Separation - Resignation - Quit Without Notice - Medical Necessity - Retirement

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Human Resource Systems
Involuntary Separation
• Staff Reduction • Completion Of Contract • Discharge For Unsatisfactory Job Performance • Misconduct
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Human Resource Systems

THANK YOU

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DOCUMENT INFO
Description: Compensation Management