Identify different compensation systems


Discussion Board

Collaboration leverages the collective knowledge of a team. Peer evaluation and support, provided in the spirit of continuous improvement and organizational success, result in higher quality deliverables than generally possible by the efforts of an individual. Please describe the process you plan to use to conduct research, identify findings, and develop the Comprehensive Project due in Unit 5 and present a brief outline indicating how you intend to organize the project deliverable. Please review the process and outlines of other students, providing objective feedback that will help strengthen the effectiveness of their efforts and the quality of the finished product.

Assignment

Billy's Bar-B-Q is looking to set up a new Texas style restaurant. However, unlike the southern locations, they have come to the realization that things like taste, work ethic, and compensation expectations are different in the north.

Compensation and/or benefits employee's receive are a reflection of the companies value of the employee's worth as to that position or the duties required to accomplish the job duties. Compensation could provide motivation for an employee to perform to the best of their abilities, or simply clock in and clock out.

In framing your response, research different compensation polices from piece rate systems to hourly to salary:

1. Identify different compensation systems and provide the benefits and disadvantages of each.

2. Define Comparable Worth and explain how companies attempt to compensate their employees based on such a concept and not violate any federal legislation.

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