HRM-Chapter7-CompensationAdministration讲解.ppt

7.2 Compensation Determinants Lets have a check! Judge the statements. (T / F) In times of full employment, wages and salaries may be lower. The higher the profitability of a firm, the less it can afford to offer in compensation. There is evidence that unions tend to increase pay levels. Government has no direct influence on compensation. A pay increase has to be about equal to the increased cost of living if you want to keep the level of real wages as before. F F T F T 2014-12-22 * higher more 7.2 Compensation Determinants 2.Internal Influences on Compensation 薪酬内部影响因素 ①Job requirements The requirements of performing a particular job are also a determinant of compensation. ②Worker competencies As organizational downsizing and the rampant development of technology, a new compensation determinant has been created. It is worker competencies. 2014-12-22 * 7.2 Compensation Determinants ③Managerial attitudes Managerial attitudes concern pay. It makes pay structures vary widely across company lines. ④The Labor Budget The labor budget is an important internal influence on compensation. Normally, the labor identifies the amount of money available for annual employee compensation. 2014-12-22 * 7.2 Compensation Determinants Lets have a check! Judge the statements. (T / F) Pay rates should be higher to attract workers to jobs which are dangerous or difficult to do. If management is interested in attracting and retaining the best workers, the pay will be higher than market rates. A firm’s budget states the exact amount of money allocated to each employee. Worker competency is used as a new determinant of compensation. T T F T 2014-12-22 * the unit or division 7.2 Compensation Determinants 2014-12-22 * Top managers and compensation specialists jointly establish overall financial and operating goals for the corporation. Each level of management establishes its own plan to support corporate compensation objectives. 3.Who Makes Compensation Decisions 薪酬由谁决定