Posted: November 9th, 2015

Compensation & Benefits Management

Compensation & Benefits Management

discussion 1

Pay Systems

Review the article, “Management Without Consequences: 24% of Companies Pay Bonuses

to Failing Performers.” Compensation and benefits is a very important part of the

strategic plan of an organization.  Compensation and benefits are designed to

attract, motivate, and retain employees and to achieve an advantage over

competitors.  Financial forms of compensation include direct pay (including base

salary) and variable pay (also known as incentives or pay-for-performance).

Indirect pay is more frequently known as benefits, such as paid and unpaid time

off, insurance protection, and retirement programs. Lifestyle benefits or quality

of work-life (QWL) issues are very important for achieving a competitive edge in

efforts to attract and retain top talent.
Describe the relationship between an organization’s business strategy and its pay

systems. Demonstrate an understanding of a pay model.
Discuss a goal or objective of your current organization. What aspect of the

company’s compensation system aligns with this goal/objective?
Discuss specific outcomes in the pay model an organization could impact through the

use of quality of work-life (QWL) programs.  What do you think is the most

important outcome resulting from these programs?  How can an organization formally

evaluate whether a QWL program has been effective?
discussion 2

Global Wage Rates

Wage rates in the United States are higher than similarly skilled workers in other

countries such as China, Mexico and India. Consequently, many U.S. businesses have

outsourced their manufacturing and production needs to take advantage of these

lower wage rates. Discuss how, working collaboratively, the federal government and

U.S. businesses can modify employee compensation packages to become more globally

competitive. Respond to at least two of your classmates’ postings.

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