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1 page/≈275 words
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APA
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Business & Marketing
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English (U.S.)
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Topic:

The Continuum of Compensation Philosophies (Essay Sample)

Instructions:
describe the two ends of the continuum of compensation philosophies - entitlement and pay for performance. What are the advantages and disadvantages of each? Which of the two does your organization's strategies most resemble? source..
Content:

HUMAN RESOURCES: THE CONTINUUM OF COMPENSATION PHILOSOPHIES
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(01, October, 2010)

The Continuum of Compensation Philosophies.
Introduction
The continuum for compensation philosophy has two ends that most compensation lie, these are the entitlement philosophy and the pay for performance philosophy.
Entitlement Philosophy
The entitlement philosophy forms the beginning of the continuum. It makes an assumption that individuals that have worked for another year have an entitlement to a pay increase, this is without the consideration for the differences in performance .The employees of the organizations that have effected this philosophy receive automatic increases every year, these automatic yearly increases are termed as cost of living raises. However, these benefits are not tied to economic indicators and most of the organizations give the same percentage increases to their employees every year. The employees normally expect the bonuses to b...
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