SMO416 Lecture Notes - Lecture 13: Remittance

• School: University of Alberta
• Department: Strategic Management and Organization
• Course: SMO416
• Professor: Rick Brick

Document Summary

Chapter 13 activating and maintain an effective compensation system: 1. If an organization is going to apply its compensation system uniformly, it must document the system. Planning for information technology: pay and remittance calculation, record keeping, compensation planning and research, privacy and legal issues. Impact on employee morale if laying off employees when their functions are contracted out: four factors to consider before outsourcing. Internal capabilities: company size, complexity and dynamism of the compensation system, the strategic importance of compensation. Developing the implementation plan: developing the plan for managing implementation, developing the training plan, developing the communications plan, developing the evaluation plan. Communicating the compensation system info: two types of ongoing communication are important. Keeping managers informed: ensuring that all who play a role in operating the compensation system understand their roles. Keeping employees informed: ensuring that all who are subject to the compensation system understand.