GMS 401 Study Guide - Starbucks, Higer Bus, Total Rewards

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Kirk Bailey

Document Summary

Reason for wage difference between men and women human capital (work experience, education, and tenure) demographic characteristics (marital status, having children living at home) job characteristics (industry, size of establishment, and type of work) Higer compensation could lead to increases in price. Stock (shares of company) to pay employees creates a sense of ownership t. Improve performance in turn increase stockholder wealth. Compensation should supposedly be tied to performance (executives ) Expense ( that needs to be minimized or optimized) Influence employee behaviours and to improve organizational performance. Return on exchange, entitlement, reward for job well done. Global compensation refers to all forms of financial returns and tangible services and benefits that employees receive as part of an employment relationship. Relational return- psychological return (ie learning opportunities, recognition and status, challenging work) Total compensation transactional , cash (e. g. , base pay, merit increases, incentives, cost-of-living adjustments)