Organization compensation is much important because it attracts talented employees into your organization.If it is not competitive the retaining of employees is difficult.Employees continue to resign their jobs at the same time you will have new employees but there the organization need to work more to train the new employees.They need to conduct the training,induction classes and seminars.So it is the loss for the organization to pay for the classes more.But it is spend in compensation they can retain the talented staffs in their organization thus achieve the goals easily.Without experienced and talented staffs it is difficult to retain the accreditation of the hospitals.Hence the organization compensation must be competitive.
what might happen if an organization’s compensation is not competitive ?
1.) What do you find to be the most important elements to improve an organization’s competitive advantage?
In what ways might changing an organization’s structure allow it to reach the next higher level of growth in market share? What might be some of the structural barriers preventing small businesses and start-up entrepreneurial ventures from growing?
Economists use ________ theory to better understand what might happen in situations where strategic interactions are involved. a)competitive b)complexity c)strategic d)game e)noncompetitive
A total compensation plan must meet the specific needs of an organization’s corporate strategy while incorporating current trends and issues that exist in the current workforce. Discuss methods to coordinate total compensation plans. How would you incorporate current trends or issues into the methods you identified?
Mission statements guide an organization’s decisions and strategic plans. Locate an organization’s mission statement. Evaluate the effectiveness of the organization’s mission statement. What changes would you propose the organization make to the mission statement? Marketing plans propose a marketing strategy that details the chosen marketing mix (product, place, price, and promotion). Distinguish the specific elements of the organization’s marketing mix and evaluate the extent to which the strategy reflected in these elements is aligned with the organization’s mission statement. What...
Provide several reasons why a department manager should be familiar with the organization’s compensation scales even though the manager is not expected to make specific salary quotations or negotiate salaries with prospective employees.
Discuss what you might expect to see if the organization’s strategic and process management thinking isn’t aligned, either because leadership is weak with respect to articulating the strategy, or processes are generally not managed in the organization or both. What might be the symptoms or problems you would expect to encounter under any of those scenarios? What would you, as an industrial engineer, suggest or attempt doing if such a situation were to present itself in your organization?
Diversity of an organization’s workforce is a key to gaining a competitive advantage within any company’s industry. Agree or disagree?
4) If smears are too thick, what might happen? a) The cells might wash off of the slide during decolorization. b) The shape of individual cells will be distorted. c) The smear might stain incorrectly. d) A and B
Under what conditions might layoffs be advantageous to an employer? Explain the Martin and Bartol matrix for managing turnover. How does this relate to taking an investment approach to HR. Because workers live and stay healthy longer, the work- force is aging. How might this impact an organization’s competitive position?