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Essay / Research Paper Abstract
A 12 page paper discussing various forms of employee compensation, including gain sharing, bonuses, paid time off, piece rate and profit sharing; and discussing what compensation changes could be beneficial to organizations in today’s business environment. The benefits gained will be important in the immediate view, but indications are that life-work changes among workers and their needs will be intensifying in the future. Identifying and rectifying these problems now can serve to give the company greater competitive advantage in the future, when its competitors are having to face the same types of internal problems. Bibliography lists 20 sources.
Page Count:
12 pages (~225 words per page)
File: CC6_KShrCompComp.rtf
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Unformatted sample text from the term paper:
look for ways to give their employees what they want, some are simply trying to determine exactly what their employees do want. Some react in ways that would indicate
they dont care, as long as all the employees show up every day. Too many companies believe that employee motivation rests in monetary
rewards, without either realizing or acknowledging individuals needs for recognition. Formal studies and informal surveys alike reveal that while managers often will list money as the top factor in
motivating employees, the employees themselves are much more likely to list first their desire for recognition, for someone to let them know they truly have done a good job (McNerney,
1996). Todays most successful companies are ones in which employees have no question of the regard in which the companys leadership holds them.
Piece Rate This system of performance compensation dates back to Frederick Taylor and was the center point of Taylorism. It
was Taylor who first used the time study of movements and task accomplishment, breaking down the manufacturing process into discrete components and steps that did not necessarily need to be
done in order or from beginning to end on the same product. Taylor provided the basis for the assembly line that Henry Ford would later institute to revolutionize manufacturing.
The craftsmen of Taylors day in the late 19th century made a product. They began with the raw material and ended with
the finished product, the item for which they were paid. Taylor instituted the piece rate system as a replacement compensation and also as an incentive to produce more parts
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