Discuss how you could establish a proper compensation policy


Discuss the below:

Create a 800- 1000 words

Scenario:

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 employees 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.

Discussion :

Create a 500 words

Many times corporations face issues from employees claiming others are being treated more beneficial given the same experience. That this beneficial treatment could be simply gender based or racial.

• Discuss how you could establish a proper compensation policy that provides incentives to your employees to be as productive as possible and avoiding issues of discrimination based on gender or race.

Solution Preview :

Prepared by a verified Expert
Other Management: Discuss how you could establish a proper compensation policy
Reference No:- TGS01866190

Now Priced at $45 (50% Discount)

Recommended (98%)

Rated (4.3/5)