Essays on Compensation

Compensation is the overall monetary and non-monetary value granted to an employee by an employer in exchange for their labour. It includes things like normal salary, bonuses, commissions, tips, and benefits like insurance, retirement plans, and vacations. Furthermore, it is used by businesses as a key contributor to employee engagement...

The article investigates the efficiency of compensation and benefits in the firm, notably profit sharing agreements. It is clear that the program has a substantial impact on the company's performance. Through the effective initiation and implementation of profit sharing schemes, the company will be able to fulfill its final goals...

The important factor that characterizes a program as a government-run social welfare initiative is its prior earnings. Many residents frequently pay into their social security while they are still in their working years, and they are later compensated once they retire. Workers' compensation, disability insurance, and old age are the...

The success of multinational corporations has been greatly influenced by the management of global compensation and benefits. This is because it involves managing tumultuous and extremely complex local details while ensuring the concurrent establishment and maintenance of a strategic, unified pattern or system of compensation policies, values, and practices (Gomez-Mejia,...

Paying both new and existing employees should be based on the company's financial health. Utilizing workers' situations for personal gain is unethical. In a same vein, it is immoral to reduce employee pay. Therefore, the company should raise the pay for new hires to about $18 while keeping the pay...

Ethics refers to a collection of laws in an organization that governs how it can perform its functions. Compensation of workers plays a key role in the mindset of workers towards the accomplishment of the objectives set. A company must ensure that it has a fair and just scheme of...

Health records contain information such as compensation and medication information; they serve as the primary means of contact between clients and their health care providers. They serve as a valuable tool for clinicians in providing the best possible care. Paper, electronic, or hybrid records (a mix of paper and electronic...

Organ donation is a critical topic that has recently sparked heated controversy. The crucial argument at first was whether it was ethical to donate or accept donor organs. However, as the procedure became more widespread, the method of giving and collecting organs came to the fore. A large number of...

The wage disparity between managers and workers is immoral because employees think the money that they are paid for the job they are expected to do is unfair. Some executives earning excessive sums of money typically linked to their results are broken compensation schemes, while low level workers earn compensation...

Maintaining stable relationships in organizations is a prerequisite for growth. As a result, it is important to attach excellent incentives to all workers through viable pay schemes. Indeed, compensation is the amount of monetary and non-monetary contributions made to workers by their employers for well-performed activities (Bryant and Allen, 2013)....