hi,
the following questions are related to compensation management....can nyone plz help me out in finding answers to these....it wil b a gr888 help....the questions are:
1.Discuss the concept of “just-meaningful pay increase.” What is broad-banding? What are its limitations?
2.Discuss four types of bonuses common in executive compensation. Why must a job analysis be reliable and valid?
3.What are hardship allowances? What are their features? Discuss any three forms of deferred (stock) compensation.
plz mail me d answers on
thanx.
From India, Lucknow
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the following questions are related to compensation management....can nyone plz help me out in finding answers to these....it wil b a gr888 help....the questions are:
1.Discuss the concept of “just-meaningful pay increase.” What is broad-banding? What are its limitations?
2.Discuss four types of bonuses common in executive compensation. Why must a job analysis be reliable and valid?
3.What are hardship allowances? What are their features? Discuss any three forms of deferred (stock) compensation.
plz mail me d answers on
thanx.
From India, Lucknow
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Dear Agrata,
Greetings!
Broadbanding:
In a broadband pay structure, the number of salary grades is consolidated into fewer, but broader, pay ranges. In broadbanding, the spread of the pay ranges is wider, and there is less overlap with other pay ranges.
Broadbanding evolved because organizations want to flatten their hierarchies and move decision-making closer to the point where necessity and knowledge exist in organizations. In flattened organizations, fewer promotional opportunities exist, so the broadbanding structure allows more latitude for pay increases and career growth without promotion.
Broadband pay structures encourage the development of broad employee skills because non-managerial jobs are appropriately valued, and skill development is rewarded. Additionally, a broadband pay structure is not as sensitive to changing market pricing conditions, so they cost less to administer and manage over time. They also provide serious non-promotional income opportunities for employees.
Rgds,
John N
From India, Madras
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59Greetings!
Broadbanding:
In a broadband pay structure, the number of salary grades is consolidated into fewer, but broader, pay ranges. In broadbanding, the spread of the pay ranges is wider, and there is less overlap with other pay ranges.
Broadbanding evolved because organizations want to flatten their hierarchies and move decision-making closer to the point where necessity and knowledge exist in organizations. In flattened organizations, fewer promotional opportunities exist, so the broadbanding structure allows more latitude for pay increases and career growth without promotion.
Broadband pay structures encourage the development of broad employee skills because non-managerial jobs are appropriately valued, and skill development is rewarded. Additionally, a broadband pay structure is not as sensitive to changing market pricing conditions, so they cost less to administer and manage over time. They also provide serious non-promotional income opportunities for employees.
Rgds,
John N
From India, Madras
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Basics of Compensation Management.pdf
Executive Compensation ppt.ppt