What organizational conditions indicate that skill‐based pay is not for us?
SBP systems usually are ineffective if the work is low‐skill—there is not enough ROI to justify the costs of SBP. Unstable management, organizational structure, or technology is ...
How do we decide whether skill‐based pay is right for us?
The key question is whether the likely advantages of the plan—greater flexibility, lower management and employee staffing, and reinforcement of high involvement and/or lean systems—offset ...
Employee salary
Basic pay + Grade pay + Dearness Allowance (DA) + House Rent Allowance (HRA) + City Compensatory Allowance (CCA)
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The details ...
Indirect Employee Compensation
What doesn’t fall under direct compensation is indirect compensation, of which the employee is the beneficiary, but does not receive directly.
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Maslow’s Need Hierarchy
Maslow’s Hierarchy of Needs Theory
In the year 1943 a Psychologist Maslow suggested his Theory of Human Motivation. His theory is one popular and extensively cited theory of ...
Objective of Compensation
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The objective of the compensation function is to create a system of rewards that is equitable to the employer and employee ...
Top tech jobs that pay at least $130,000
There’s little doubt that technology-related jobs, whether building software or managing a network, are in demand and pay well.
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Compensation and Employee Motivation
A majority of human resources professionals appear to believe that employees are likely to over-report the importance of pay in employee surveys. However, research suggests the opposite ...
