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Week 4 discussion
Question 1: The Nature of Compensation (Everyone responds)
For our first question, take a moment to think about
compensation. What does compensation mean to you as an employee? Talk to your
colleagues at your workplace. What do they think about compensation – and how
well they are believe they are compensated. Are there issues? Is it really all
about money? Is there a psychic component to compensation for you or for them?
Conduct brief research and see what experts say is the effect of satisfied
employees on a company’s bottom-line.
Question 2: Benefits
Why do employers provide employee benefits, rather than
providing all compensation in the form of pay and letting employees purchase
the services they want? Of the benefits discussed in chapter 7, list the ones
you consider essential- that is, the benefits you would require in any job
offer. Why are these benefits important to you?
Question 3: Pay Systems
Define each concept below. Include in your discussion,
thoughts about the nuances or issues surrounding each concept and then
demonstrate how they relate to one another.
Pay Philosophy
Pay Grades
Pay Systems
Job Classifications

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