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Health, Safety, and Security

Health, Safety, and Security Health, Safety Pays Off Employer in ,a variety of industries have found that placing emphasis on health and safety pays off in a number of ways. Lower employee benefits costs for health care, fewer work-related accidents, lower workers’ compensation costs, and more productive employees are all results of employers emphasizing health and safety, Some examples include Applied Materials, Harley- Davidson, and Punctilio United,…

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Issues Involving Pay Increases

Seniority  Seniority, or time spent in the organization or on a particular job; can be used as the basis for pay increases. Many employers have policies that require a person  to be employed for~a certain length of time before being eligible for pay increases. Pay adjustments based on seniority often are set as automatic steps  once a…

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Issues Involving Pay Increases

Issues Involving Pay Increases ,Decisions about pay increases often are  ones  relationships among employees, their managers. and the organization, Individuals express expectations about their pay and about how much increase is ”fair,” especially Pl comparison with the increases received by other employees. There are several ways to determine pay increases. Pay Adjustment Matrix Many employers profess to have a…

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Individual Pay

Individual Pay Once managers have determined pay ranges, they can set the pay for specific individuals. Setting a range for each pay grade gives flexibility by allowing individuals to progress within a grade instead of having to-be moved to a new grade, each time they receive a raise. A pay range also allows managers to reward the better-performing…

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Pay structures

Pay ‘structures Once survey data are gathered.,pay structures can be developed by the process depicted in Figure 12-12. As indicated In job evaluation data can be done by plotting  scatter gram. This plotting involves first making a graph   job evaluation points and pay survey rates for all surveyed jobs; This graph,shows the attribution of pay for surveyed jobs, allowing…

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Development of a Base Pay System

Development of a Base Pay System As Figure 12-10 shows, development of a base wage and salary system assumes  J That accurate job descriptions and’ job specifications are available, The job> descriptions then are used in two activities: job evaluation and pay surveys, These activities are designed to ensure that the pay system is both internally equitable…

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Independent Contractor Regulations

Independent Contractor Regulations The growing use of contingent workers by many organizations has focused attention on another group of legal regulations-those identifying the criteria that independent contractors must meet. Figure 12-9 illustrates some of the key differences between an employee and an independent contractor. Classifying someone as an independent contractor rather than an employee offers two primary advantages for the…

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Legal Constraints on Pay Systems

Legal Constraints on Pay Systems Compensation systems must comply with a myriad of government constraints. Important areas addressed by the laws include minimum wage standards and hours of work. The following- discussion examines ‘the laws’ and regulations affecting base compensation; laws and regulations affecting incentives and benefits are examined in ‘later chapters. Fair Labor Standards Act (FLSA) The major…

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Perceptions of Pay Fairness

Perceptions of Pay Fairness Most people in organizations work in order to gain rewards for their efforts. Except in volunteer organizations, people expect to receive fair value in the form  of tangible compensation for their efforts. Whether considering base pay, variable pay, or benefits, the extent to which employees perceive compensation to be fair often affects their performance…

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Individual vs. Team Rewards

Individual vs. Team Rewards As organizatioqs have shifted to using work teams, they face the logical concern of how to develop compensation programs that build on the team concept At issue is how to compensate the individual whose performance may also be evaluated on the basis of team achievement Paying everyone on teams the same amount, even though they…

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