Compensation and Benefits

Compensation and Benefits HRM 531/Human Capital Management April 23, 2012 Ricky Owen Compensation and Benefits there atomic number 18 two basic components to both compensation and benefits package. The first is how a lot a someone will get paid for operate rendered and the second is what shell of remunerations are given to the employee from the organization. Compensation is how a lot bullion an employee will make either weekly or bi weekly. The amount that is given to an employee is usually primed on the skills required to perform the job as well as both degrees held or specialized training required. Benefits are incentives organizations provided to employees that normally include health and wellness packages, savings programs, and work balance. This look into opus will look into some of these packages with an emphasis in the advertisement sales arena. This paper will focus on salary, approach, and obstacles. hire Approach Co mpensation for advertising sales is a faction of base salary with commission. Robb extend is seeking an advertising sales rep that is fit of sell both print and online with strength of selling to advertising agencies.

For human resources to determine the correct compensation for its sales team, they indigence to take into consideration two factors: the first is how to draw and quarter and go on salespeople with characteristics the firm desires (the selection problem) (Lo, Ghosh, & LaFontaine, 2011, p. 781). And second how to incentivize the salespeople to take over desired, but unobserved, endeavour on behalf of the firm (Lo, Ghosh, & LaFontaine, 2011, p. 781). Human! resources when development the compensation aim necessitates to take into consideration the strategic goals of Rob Report and how this relates to the goals of the sales team. There is a need of an explanation of what type of pay structure (whether this is salary prescribed commission or straight commission) in addition to how the salespersons procedure will be...If you want to get a full essay, holy order it on our website: BestEssayCheap.com

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