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Compensation and Benefits

Compensation is the amount (salary or wage) received for performing a job, while benefits refer to value other than compensation, which the employees receive. Benefits include insurance, holiday, pension pay and vacation pay.

796 Questions

Does domestic partner insurance cover a child?

Generally if a domestic partner is covered then the child of that partner can also be covered.

What issues the ISO 9000 certification standards?

The ISO 9000 certification standards are issued by the International Organization for Standardization

The ISO 9000 certification standards is the family of standards set by ISO that relates to [QMS] or quality management systems. It mainly focuses on the deliverance and assurance the companies are able to meet the needs of their customers, clients and stake holders. It deals with the fundamental needs of management and principles which also affect the organizations' product and services.

What are the roles of a manager as a resource allocator?

managing all activites related office,

excellent improvement to be provide for our office organization.

auditors documents maintaing for properly.

improvement company carrier based on your work activity.

clearly maintain all employess attendance & Salary.

What are the principles of rational decision making?

1. Define the problem2. Identify evaluation criteria

3. Make anexhaustive search for alternatives

4. Evaluate and rank the alternatives

5. Select and implement an alternative

6. Evaluate

The present state of recession in IT industry as a human resource manager how are you ging to undertake human resource planning at macro level to tide over the crisis?

The Present State of Recession in It Industry - as Human Resource Manager How Are You Going to Undertake Human Resource Planning at Macro Level to Tide over This Crisis?

If a health insurance plan covers domestic partners does a employer that carries that insurance have the right to deny coverage?

A health insurance plan is designed based on what the employer wants. So if a plan says that domestic partners are covered then the employer group is the one that put that wording in the policy. So if an employer wont cover a domestic partner then domestic partners aren't covered company wide.

What is the difference's between human capital and human development?

human capital treat education and health as a means to increase capital wheras human develoment considers as integral to human well being

What are the advantages of straight commission?

Straight commission offers several advantages, including motivating sales representatives to maximize their performance, as their earnings are directly tied to their sales success. This compensation model can lead to higher income potential for top performers, fostering a competitive environment. Additionally, it can reduce fixed payroll costs for employers, making it a cost-effective option for businesses that rely on sales-driven roles. Lastly, it encourages a results-oriented mindset, aligning the interests of sales staff with company goals.

How much do health benefits cost a company?

At my company we assume roughly 38% of the total cost of payroll. Under the new Obama plan it will be less then 1%. We will no longer have any employees. The costs would be high enough to drive us completely out of business.

You simply cannot keep sucking blood from an animal and not expect him to have a problem. The animal dies.

What is goal sharing?

sharing of goals with significant ones with whom we have to achieve the goaks

Example of where you acted in a principled open and conscientiousness manner?

Please give an example of where you acted in a principled, open and conscientiousness manner. What was the situation? What did you do? What was the outcome?

Who was the first president of BCCI?

R.E. Grant Govan was the first president of Board of Control for Cricket in India (BCCI).

Article on best fit vs best practice?

Best-practice theory

The 'best-practice' theory is based on the assumption that HR practices observed in high-performing firms can be transformed to other companies with the same results.10 Pfeffer's list of seven HR practices for competitive advantage through people is one of the best known set of best-practices.11

1. Employment security

2. Selective hiring

3. Self-managed teams or team working

4. High pay contingent on company performance

5. Extensive training

6. Reduction of status differences

7. Sharing information

In essence, recruiting and retaining talented, team-oriented, highly motivated people is seen to lay a basis for superior business performance or competitive advantage. But this theory, like several other universal models, has been criticised for a variety of reasons:

• Disconnection from company's goals and context

• Disregard of national differences such as management practices and culture12

• Inconsistency between the RBV's emphasis on in-imitability and best-practice universalism13

Although best-practices are too general, some researchers have found empirical evidence showing a correlation between the application of best-practice theories and company's performance. The reason can be seen in the validity of the underpinning "AMO" (ability, motivation, opportunity) framework.

Best-fit theory

The contingency or "best-fit" approach questions the universality assumption of the best-practice perspective. Instead it emphasises the fit between HR activities and the organisation's stage of development ("external-fit"). According to the "best-fit" theory, a firm that follows a cost-leadership strategy designs narrow jobs and provides little job-security, whereas a company pursuing a differentiation strategy emphasises training and development. This approach is a counterpart to the "one strategy fits all" seen in Pfeffer's seven best practices. The 'best-fit' school, therefore, argues that all SHRM activities must be consistent with each other (horizontal fit) and linked to the strategic needs of the business (vertical fit).15 However, 'best-fit' approach has been criticised for the following reasons:16

• Lack of alignment with employee interests, compliance with prevailing social norms and legal requirements

• Too simplistic view of business strategy (the reality is more complex than only innovation, cost-reduction and quality-enhancement strategy in the Schuler and Jackson model)

• Too much focus on existing competitive strategy (reactive) rather than ongoing environmental changes (proactive)

What does Minimum Increment Value mean?

Wow, how old are you, 10? I'm not answering you find out somewhere else, I guess.

Who are the highest paid factory workers?

i don't know about other factories, but i work at Lincoln electric in euclid Ohio and made (with bonus) $73,000 last year