Question

Includes assessment. Must post first. When you have chosen to apply for a position, what impact...

Includes assessment. Must post first. When you have chosen to apply for a position, what impact do the compensation and benefit package have on your decision? How might compensation and benefits impact the retention of an employee?

Homework Answers

Answer #1

Everybody applies for a job keeping two things in mind- compensation and job profile. Our most decision related to job is driven by the compensation pay package that we expect from the job. For my case, I am more focussed on the job profile, given my focus on climbing up the coporate ladder rather than the money involved. To achieve this I want to learn more and hence I consider startups to be the perfect destination for me. Compensation is definitely a factor as long as I get decently paid (not very high).

Compensation and benefits impact an employee retention in the following manner:

1. People get motivated.

2. Acts as a compromising factor in lieu of a higher role.

3. When the benefits such as medical, tax benefit, flexible work hours etc. are taken care by an organization, it goes a long way for the employee to stay in the job.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. When should the government intervene in society? Once we have chosen the path of intervention...
1. When should the government intervene in society? Once we have chosen the path of intervention what options/factors need to be considered? How have opinions evolved over time? How might interventions differ between various levels of government (local/state/federal)? 2. People often call America the “Land of the Free”. Describe, with the theoretical tools we have discussed, how our market-based system contributes to that moniker. People have also contended that America is a country where some are systematically disadvantaged. Why might...
During the past few weeks, we have learned that there are various methods of conducting employee...
During the past few weeks, we have learned that there are various methods of conducting employee performance appraisals (e.g., trait, behavioral, ranking, MBO, etc.). Your task for this assignment is to explain Management By Objectives, and discuss how it could be effectively used to impact employee compensation. Your response should consider the potential impact the performance evaluation method could have on at least three different organizational stakeholder groups. Also, your assignment must include your thoughts on what organizations can do...
Discussion Questions: 1. What impact do you feel the Latina/Latino vote will have on national elections...
Discussion Questions: 1. What impact do you feel the Latina/Latino vote will have on national elections in the future? What factors might limit that impact in the near future? Explain your answer. 2. What impact does money have on today’s national election process? 3. How does redistricting impact the voting patterns and outcome of an election? Why do some legislatures choose to gerrymander districts? What suggestions would you give with regard to the restriction or regulation of gerrymandering attempts?
What you must do when you have a limit of a function that is in the...
What you must do when you have a limit of a function that is in the indeterminate form? (NOTE: You cannot use L'Hospital's rule because we haven't covered it.)
Now that you have had a chance to review the content covered so far, take a...
Now that you have had a chance to review the content covered so far, take a moment to reflect upon what you have learned and post in this discussion board below. Consider one or two of the following statements in your post: Provide a real life example that pertains to Chapter 7. Why do you think the normal distribution is essential in the study of statistics? How might the normal distribution apply to your program? Be ready to comment on...
Can you think of a time when you have heard others use morally disengaged thinking? The...
Can you think of a time when you have heard others use morally disengaged thinking? The following examples may help to guide your thinking to determine why one might or might not do such things You work in a fast-food restaurant. It's against policy to eat food without paying for it. You came straight from classes and are therefore hungry. Your supervisor isn't around, so you make something for yourself and eat it without paying. Your accounting course requires you...
Multi-selection: Check all that apply. Which of the following exemplify "marginal reasoning?" You must choose all...
Multi-selection: Check all that apply. Which of the following exemplify "marginal reasoning?" You must choose all that apply. Question 27 options: A) Arnold, a man of 35 years of age, is a creature of habit. His new girl friend wants him to consider buying a new style of shirt. However, he has been wearing the same style since he was 16 years old, and he refuses to change. He will not consider the marginal benefit of the new style. Nor...
The Cost of Benefits The cost of benefits accounts for more than 31 percent of the...
The Cost of Benefits The cost of benefits accounts for more than 31 percent of the total employee compensation package. Employee benefits are unique in that they have legal compliance aspects, they are institutionalized in most organizations, and they are complex. Employee benefits are important because they influence attraction, retention, retirement, and performance of employees. Organizations need to regularly examine their benefits package to ensure they are meeting employee needs in the best way possible. In this exercise, please read...
1.  Can you think of a time when you have heard others use morally disengaged thinking? The...
1.  Can you think of a time when you have heard others use morally disengaged thinking? The following examples may help to guide your thinking to determine why one might or might not do such things (matching them to the moral disengagement mechanisms on pp.86-88). Note: "you" refers to an undergraduate student:   You work in a fast-food restaurant. It's against policy to eat food without paying for it. You came straight from classes and are therefore hungry. Your supervisor isn't around,...
Step 1: Read the following questions, and use what you have learned about how the economy...
Step 1: Read the following questions, and use what you have learned about how the economy might impact your business industry, and to summarize your responses in 5 full pages. Consider the concepts and questions below when assessing the economy and the impact it may pose on your business: Describe your ideal capitalist economy. Will these conditions maximize your sustainability and profitability? What indicators would you use to measure goods and services? What happens when the quantity demand is impacted?...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT