¶ … Total Compenstion Statement Memo Human resource (HR) policies and decisions play a crucial role in an organization. They serve as a driver of employee productivity as they directly or indirectly affect employee engagement, job commitment, employee satisfaction, and employee retention. An important HR function relates to compensation, which is basically concerned with determining the amount of remuneration and benefits employees get as a result of their input to the organization. Sufficient compensation is crucial for attracting and retaining the right people for the job (Stredwick, 2014). The position of an administrative assistant is without a doubt an important position, underscoring the need for competitive and attractive compensation. As per the U.S. Bureau of Labor Statistics (BLS), an administrative assistant earns an average income of $55,460 per year or $26.66 per hour (BLS, 2017). More specifically, an administrative assistant in the category of "Management of Companies and Enterprises" earns an average income of $60,320 annually or $29 hourly. In addition to salary, the position of an administrative assistant requires a number of benefits, notably social security, unemployment insurance (federal and state), worker compensation, and Medicare. Optional benefits may include medical and/or dental insurance, retirement benefits, a wellness program, as well as paid...
In essence, the compensation goals for the newly created HR administrative assistant position are to provide competitive remuneration within the national average, the legally required benefits, and attractive discretionary benefits. This will be crucial for attracting and retaining the right candidate for the job.
Employee Satisfaction & Quality Systems The human resource of any organization is one of the most valuable of all its resources. The continued productivity, innovation, commitment and contributory spirit of organizations employees can create a profitable and strong business in any industry. If these characteristics are lacking in the workforce for many of the employees the business can also be stifled and perform far below its capacity. There are many
Motivation of workers is posing very big challenges to organizations. Herzberg ensures that an organization rewards its employees depending on the behaviors that the management would like to encourage.One of the widely known writers on motivation of workers is Frederick Herzberg. He is widely known for the two-factor theory that he came up with. The two factor theory is widely referred to as the hygiene motivation theory. As stated above,
Mazoor, Q. (2012). Impact of Employees Motivation on Organizational. Business Management and Strategy, 1-13. Quaratul-Ain Manzoor is affiliated with the Department of Management Sciences at the Islamia University of Bahawalpur, Bahawalpur, Pakistan. In 2012, he published an article in the journal Business Management and Strategy that addressed the factors that effects employee motivation and examining the relationship between organizational effectiveness and employee motivation. The audience for this journal article could include
Human Resource Management: An Attitude Survey on Employee Satisfaction The dynamic nature of the current business environment has made human resource management a complex task. Very often, companies of all types and sizes strive to attract and retain quality employees in order to outperform competitors in their respective industries. According to Guarav (2012), employee satisfaction is one of the most critical aspects in ensuring long-term association of the employees and the
What Works Best? We discussed this in "The Future" above, but other studies show curious results as well. Bucklin and Dickinson (2001) indicated that most of the common variations in incentive plans make no difference in performance. One of her studies showed that performance did not differ significantly whether the amount to be earned as an incentive was three percent or 100% of total pay. As her work seems to indicate, any
Compensation Practice Ford Motor Company Henry Ford established the Ford Motor company in the year 1903. This was done with the help of eleven other business associates at a time when there were eighty seven other motor companies in the U.S. Before Henry Ford got into the motor business, cars were very expensive and were considered as luxury possessions and that only the wealthy minority could afford them. What set Ford apart
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