This website uses cookies to ensure you have the best experience. Learn more

Lack Of Compensation Essay

640 words - 3 pages

I agree to be bound or follow by the Contract of Employment as mentioned above


The human resource structure in this company is lack of compensation and benefits. Based on the case study, we can clearly see that the employer did not provide reasonable amount of compensation that has made the employee to take such actions for the downfall of the company. Many employees feel dissatisfied with their jobs at one point or another. Some employees leave their jobs for better opportunities, while others choose to stay. Employees with low job satisfaction can negatively affect a company because they typically lack motivation, perform poorly and possess negative attitudes ...view middle of the document...

Employees who brought to an upper level in an organization and receive appreciations like promotions and performance appraisals tend to reflect their position and responsibility (Johnson, 2010). They usually become very committed to the company for the long term. Lu Yueting from Tianyang Food actually felt demotivated and convicted this crime because his needs as an employee were abandoned by the employer.
We can be sure that as salaries increase, job satisfaction increases. This is because employees enjoys “higher standard of living” and feels satisfied about the time they invest in work. The lower the salary or other compensation for employment, the lower the job satisfaction (Johnson, 2010). Moreover, jobs which are provided with higher salaries seem to be more “rewarding and fulfilling”. High-pay jobs usually given more respect within the workplace.
The management team in every company should always play an important role within an organization. Managers especially are responsible for...

Find Another Essay On Lack of Compensation

Compensation Methods Paper

1099 words - 4 pages actual hours worked. These employees are entitled to receive overtime and could be subject to a reduction of pay for hours not worked. A company assumes financial risk associated with employees' lack of motivation to produce. An hourly employee gets paid for hours worked regardless of the quality and quantity produced.Benefits within an organization are another form of paid compensation. The types of benefits an employee earns while employed with

Accounting Essay

2267 words - 9 pages Stock options are employee compensation. Why then aren't these costs recognized in income statements? By C. Terry Grant, CPA and Conrad Ciccotello Everywhere, people are talking about accounting.We can?t remember another time when there?s been more discourse about the lack of quality and transparency in corporate financial reporting than today. And it isn?t only the usual crowd of investors, legislators, regulators, journalists, lobbyists


9150 words - 37 pages time we see some influence when the CEO is also the Chairman of the Board.In both exercises, neither the presence of a strong stockholder nor the existence of any committee seems to affect the level of monetary payment to the top executive. The final conclusion in this section is the lack of influence of other Governance structures in the compensation of the Swiss CEOs in general.323.3.3 Effects of SizeIn order to measure the effect of the size in

Effects of Well Designed Compensation Plan

3190 words - 13 pages satisfied with their pay. 48% were not happy due to the lack of promotional opportunities and 37% were displeased with their benefits (Menefee and Murphy, 2004).A survey of HR Professionals in 432 organizations across the country conducted by the Society for Human Resource Management reports that 50% of those surveyed stated that turnover was due to an offer of better compensation at another job (Katz, 2012). According to a 2007 WorldatWork

Total Compensation Methods Paper

1333 words - 5 pages methods need to be competitive to make sure the organization can attract and retain the kind of talent needed to achieve the stated goals for the organization.Executives are coming to expect a bottom line impact from compensation programs (Compensation and Performance Management, 2006). For example, if an employee is not performing his or her job, the reason could be more than just lack of compensation. Therefore, just by providing the

Market Compensation Research Paper

4932 words - 20 pages exposed throughout the years. Perfect example is the Enron case that exemplified how the lack of ethics can potentially damage and even destroy organizations. Hence, it is vital for organizations to encourage ethical behavior in the workplace to ensure fairness (PayScale, 2010). One of the most key ethical issues in an organization is executive compensation. The concern with the executive compensation is the high level of pay for the executives

Managerial Theory

963 words - 4 pages essence it embellish the ambitions of the executives. Here are a few factors that create managerial power imbalance, the process of election of board members, the diversity (level of knowledge) of board members, and the fact that board members often have inadequate bargaining power to challenge managerial decisions and the lack of ability to measure performance. It also creates inefficiencies resulting in excessive compensation that doesn't relate to performance. Due to the public outcry for corporate transparency; managerial power theory goes step further and incorporate new steps to insure the transparency of all companies

Riordan Problem Solution

3664 words - 15 pages compensation plan to accompany the changes in the sales model; salary compensation is not tied to job performance; the lack of a developmental training plan to assist in keeping Riordan competitive and build for the future; and an overall since of uncertainty throughout the organization.The multi-generational is a factor that all companies must deal with to remain viable. The motivations that drove the Baby Boomer management team to success may not

Compensation Evaluation

923 words - 4 pages is losing a lot of potential job candidates with the wages they are offering. In order to create longevity for the firm the entire compensation package needs to be analyzed and restructured. WHB&D would benefit from compensation restructuring because they would help increase their likelihood of getting high quality new hires. It no longer can just work for the employees that currently work there, goals must be created for what the future of the firm will look like. Although, the compensation package being offered right now and the lack of overtime pay is creating animosity between bookkeepers and the partners.

A Tale of Two Boards

571 words - 3 pages Introduction In the case study of A Tale of Two Boards there are numerous ethical issues outlined within Disney and Boeing which include conflicts of interest, agency theory, integrity, excessive compensation plans, bribing, personal affairs and even utilizing proprietary information. These types of ethics violations show a lack of corporate governance and limited accountability and responsibility by the Board of Directors to commit to

Employee Benefits Required By Law

6705 words - 27 pages Employee Benefits Required by Law       The legally required employee benefits constitute nearly a quarter of the benefits package that employers provide. These benefits include employer contributions to Social Security, unemployment insurance, and workers’ compensation insurance. Altogether such benefits represent about twenty-one and half percent of payroll costs. Social Security

Similar Essays

Globalization And Compensation Essay

1562 words - 7 pages , or lack of, to various United States compensation practices and policies and other general best practices that are recognized globally. The Expatriate Compensation The first step for a multinational organization’s human resource department is to develop a global compensation structure that understands the “political, social, legal, and cultural differences” (Haile & Williams, 2011, p. 25) of the countries in which they operate. It is not only

Circuit Op Ed Essay

633 words - 3 pages toilet paper all over the floor. I think that having good and clean lifestyle will help prevent sickness and disease to the migrant workers. Health Care, Compensation and Living Condition are very tough for migrant workers. Health Care is unavailable for illegal immigrants. Compensation is very low for migrant workers. Living Conditions are harsh with poor sanitation and lack of privacy. I think that they should have a really cheap healthcare so

Compensation Is Key To A Successful Business

1168 words - 5 pages depends upon the managers, who are running the business in the smooth way. The institutional management is required for running the business so that the lack of communication between the employer and the employee has not happen. If the employees are satisfied for their demands the growth-required production will reach, and the company gets more profit. Key Posts To run a successful and a large setup business there are some hidden actors behind the

Inter Clean Hrm531 Week5 Essay

1105 words - 4 pages Untitled RUNNING HEAD: CAREER DEVELOPMENT PLAN IV-COMPENSATION PLAN Career Development Plan IV - Compensation Plan University of Phoenix HRM 531 Introduction As InterClean precedes a new direction, upper management is suggesting a new compensation plan for the current sales team. The new compensation plan will identify reasons why the pay system will work, the benefits for the sales employees as well as the company, and