ADMS 3490 Lecture 1: Lecture 1

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Unit 1 (cid:1) can affect you in the future; pay matters. (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Benefits (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) managers perspective. (organization"s view) (cid:1) (cid:1) Control) (cid:1) (restrictions are present) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) (cid:1) Compensation can be viewed from several perspectives, but we use a. We look at how much control we have over compensation. Management has a role in pay in non-unionized organizations. (more. There are restrictions on what you can do for an employer. Pay systems are important for a number of reasons: Increase in base pay has a short term effect. Retain and attract employees through pay system management. >indirect: pay for time not worked, protection programs, and. Reward strategy: is how you combine your structure/mix with your (cid:1) (cid:1) (cid:1) employee services. (cid:1) (cid:1) components of compensation. (cid:1) (cid:1) (cid:1) (cid:1)

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