How do differing perspectives affect your views of compensation?

Answer 1

1. Compensation is viewed by society as a measure of justice as well as a cause of increased taxes and price increases.

2. Stockholders are concerned with executive pay relative ti company performance.

3. Managers view compensation as a major expense and a means to influence employee behaviour.

4. Employees view compensation as return in an exchange with their employer an entitlement or a reward in other countries Ex ( china,Japan)

5. In other countries compensation is related to being taken care of.( some places in china they still give rice allowances or transportation allowances)

6. So looking at all these perspectives of compensation you now need to look at the pros and cons of compensation with your own perspective.

Answer 2

1. Compensation is viewed by society as a measure of justice as well as a cause of increased taxes and price increases.

2. Stockholders are concerned with executive pay relative ti company performance.

3. Managers view compensation as a major expense and a means to influence employee behaviour.

4. Employees view compensation as return in an exchange with their employer an entitlement or a reward in other countries Ex ( china,Japan)

5. In other countries compensation is related to being taken care of.( some places in china they still give rice allowances or transportation allowances)

6. So looking at all these perspectives of compensation you now need to look at the pros and cons of compensation with your own perspective.

Answer 3

cost-cutter strategy:

Answer 4

It referring by the view of society as a measure of justice as well as a cause of increased taxed and price increased