Here is the synopsis of our sample research paper on THE LINK BETWEEN COMPENSATION, BENEFITS AND STRATEGIC GOALS. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 5-page paper explains how compensation can be linked to an organization's strategic goals and objectives. Bibliography lists 2 sources.
Page Count:
5 pages (~225 words per page)
File: AS43_MTbenefico.rtf
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Unformatted sample text from the term paper:
to boost motivation. That, and other forms of compensation, such as benefits, paid holidays, insurance, stock options and so on. But throwing in compensation just to throw it in, without
considering how it might align with the goals and objectives of the organization is simply throwing good resources away. The goal of a strong compensation package involves the ability to
attract quality talent and to keep it around for the long haul. For example, many companies might rely on using some kind of a pension fund (or other kind of
retirement fund) that kicks in after the employees fifth year on the job. In this case, then, employees are motivated to stick around at least until their fifth anniversary (of
course, if a lot of employees are quitting right after their fifth-year anniversary at the company, the company had better examine what else might be going on).
But the point were trying to make here is that compensation operates at its best when its tied to the companys strategic goals.
In a sales organization, for example, compensation is typically tied to sales performance - and many high-performance employees tend to be motivated when
this is the case (Passios, 2009). If the companys strategic goal is to increase sales, developing a solid compensation plan, combined with an exciting sales environment (and a little internal
competition thrown in for good measure) can help increase sales even further (Passios, 2009). One suggestion that goes into creating any
kind of incentive or compensation program is to ensure that the criteria that is being incentivized can be reported on (Passios, 2009). Its important that metrics be built into any
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