Course titleStudent nameInstitution affiliation2RESPONSESStudent 1Organization's compensation is the financial returns given to employees by employers asa reward for the work done (Balkin & Gomez-Mejia, 1990). Employees value the type ofcompensation they get in their specific organizations. The compensation strategies employed byorganizations define their success or failure. However, the compensation strategies used dependon specific factors. One of the factors is the performance. Organization performance defineswhether employees should receive high or low compensation. When an organization performspoorly, the compensation will definitely be low. The company's financial performance is directlylinked to employee compensation. For instance, big companies pay higher compensation whilesmall companies pay low compensation in order for them the keep a competitive standard. Thesecond factor is job skills; organizations depend on the skills of the employees rather than therole of the employee. Focusing on the skills of the employees motivates them to work harder inorder to achieve more skills. Apart from that, skill-based compensation helps build a positiverelationship ...
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