Salary is a very important aspect of employment and can rely on the current market to determine what exactly that number will be. Furthermore, a salary survey assesses what businesses offer what wages and benefits and uses the information to make sure its employees are being treated objectively. In an article written by Albert Hyde and Eric Zeemering titled “Overpaid? Public Service Delivery and City Manager Compensation in California” they stated that making sure community region wages and compensation are equal with private region was also known as “comparability principle”. This goes to show that a salary survey is very important to a company so that they can make sure their employees are not being treated unjustly. If they are, not only
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Health care is one of the most popular benefits that employers offer. “Health care benefits play an important role in the employment relationship. Employees value these plans and often are attracted to and retain employment with employers who offer good employer-sponsored medical and health benefits”(As cited by Markel, 2010). This quote explains that this benefit helps get future associates interested in the company since it can help relive one stress of paying a medical bill. As it pertains to this type of compensation Maersk’s company could really put their associates’ minds at ease being that medical coverage not only applies to them but their dependents and spouses as well. Also another discretionary compensation that I believe Maersk Group might advantage from is offering employees’ retirement benefits. This will give the employees something to look forward to so they are not worried about how they will service when they retire. Employees have to earn so may credit before they are eligible for a payout so to speak. Because Maersk’s development is so extensive it would be my suggestion to not let employees be eligible for 401(k)’s and things of that nature until training is over and they are sent to their perspective sites. Additionally, being that the turnover rate is so high due to the extensiveness of training program, it may be a waste of time to start letting employees …show more content…
In doing performance analysis’ it is important to make sure all employees are thoroughly developed in their respective positions. You cannot expect someone to succeed without the proper tools and training, it’s like the old saying “you have to crawl before you can walk”. An organization will not be able to stay on track with their organizational goals without their employees being on the right track. As stated earlier in my analysis papers there are three-appraisal categorizations trait, behavioral, a results based. Trait is character-centered appraisals, behavioral evaluations are the social standard that each employee should uphold and, results-based rely on the accomplishments that were made. One performance appraisal that I believe would be beneficial to all organization would be behavioral evaluation. This is my belief because it is very important for the over all moral of the company for all employees to exhibit appropriate behavior to employees alike as well as
Health care is one of the most popular benefits that employers offer. “Health care benefits play an important role in the employment relationship. Employees value these plans and often are attracted to and retain employment with employers who offer good employer-sponsored medical and health benefits”(As cited by Markel, 2010). This quote explains that this benefit helps get future associates interested in the company since it can help relive one stress of paying a medical bill. As it pertains to this type of compensation Maersk’s company could really put their associates’ minds at ease being that medical coverage not only applies to them but their dependents and spouses as well. Also another discretionary compensation that I believe Maersk Group might advantage from is offering employees’ retirement benefits. This will give the employees something to look forward to so they are not worried about how they will service when they retire. Employees have to earn so may credit before they are eligible for a payout so to speak. Because Maersk’s development is so extensive it would be my suggestion to not let employees be eligible for 401(k)’s and things of that nature until training is over and they are sent to their perspective sites. Additionally, being that the turnover rate is so high due to the extensiveness of training program, it may be a waste of time to start letting employees …show more content…
In doing performance analysis’ it is important to make sure all employees are thoroughly developed in their respective positions. You cannot expect someone to succeed without the proper tools and training, it’s like the old saying “you have to crawl before you can walk”. An organization will not be able to stay on track with their organizational goals without their employees being on the right track. As stated earlier in my analysis papers there are three-appraisal categorizations trait, behavioral, a results based. Trait is character-centered appraisals, behavioral evaluations are the social standard that each employee should uphold and, results-based rely on the accomplishments that were made. One performance appraisal that I believe would be beneficial to all organization would be behavioral evaluation. This is my belief because it is very important for the over all moral of the company for all employees to exhibit appropriate behavior to employees alike as well as