Question

Please use new answer and not one that has already been answered on here.

Name two stakeholders, then compare and contrast their roles and interests in terms of implementing a compensation system.

Answer 1

The comparisons between the employees and the executives

• Both the staff and the executives also desire the implementation system that motivates the staff to continue with high levels of motivation. This is key in ensuring that the staff are working effectively and increase their levels of production.
• Both of these stakeholders are looking at implementing a compensation system that is rewarding the employees who are performing best in the firm.

The contrasts of the employees and the executives

• The staff may be in pursuit of a compensating system that will reward them with heavy wage. While on the other hand, the executives seek to minimize the amount of compensation that the staff are taking home at the end of the month.
• The executives seeks to foloow a compensation system that minimizes the amount of the benefits that the staff are receiving in the organization, while the staff through their unions are seeking implementation of a system that is gives them many diverse benefits in the firm.

The roles of these stakeholders in the implementation of this compensation system

• The executive members oversees the overall implementation of the compensation system in the whole organization
• The executives also seek to ensure that all part of this system is implemented to the latter.
• The staff are supposed to pay attention and adhere the overall outcome of this compensating system

Explanation:

The implementation of the compensation system allows the organization ensures that the employees will then have the deliver high services to the staff. The employees need to be highly motivated and increase their levels of productivity and meet the needs of the firm. This is important in ensuring that the employees are receiving what they deserve and enhance their productivity in the company. In the long run, the executives and the staff will remain in communication and thus improve their relations in the organization.