Research Various Pay and Benefit Programs Companies Can Offer Employees
Balancing the Bottom Line Companies are established to be profitable. Therefore, all efforts throughout the organization and the structure of every department impact the bottom line towards success. Business strategies, disruptive innovation, disruptive technology, and any implementation of ecosystems for intensive growth strategies must align to the corporate mission and vision of the company to achieve sustainable competitive advantage. Balancing the expectations of the workforce with the requirements of the company is critical to success. Profit-based incentives have worked in the past but is not a guaranteed predictor of future success. To achieve and sustain a unique competitive advantage as a primer marketing firm the company must lead by example by first acknowledging the needs of its workforce and serving them according to the company’s mission and vision. Through equity-based incentives the company is enabled to cultivate a trusting and motivated work environment that attracts and keeps unmatched talent and promotes high-quality performance for increased job satisfaction among employees and the longevity of the company.
Geschreven voor
- Instelling
- Northcentral University
- Vak
- HRM 7000 (HRM70004)
Documentinformatie
- Geüpload op
- 27 juli 2021
- Aantal pagina's
- 13
- Geschreven in
- 2019/2020
- Type
- Essay
- Docent(en)
- Onbekend
- Cijfer
- A
Onderwerpen
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pay and benefits
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workforce
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millennials
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generation y
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equity theory
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job motivation theory
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rewards
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salary
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benefits
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incentives
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achievement
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compensation
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communication
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training
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tracking
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administration
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evalu
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