Essay on Rwt1 Wgu Business Report

2525 Words Jul 12th, 2013 11 Pages
Business Research Report
Evaluating Compensation Strategies
Assessment Code: RWT1

Table of Contents

Executive Summary……………………………………………………………………… 3
Introduction……………………………………………………………………………… 4
Research Findings……………………………………………………………………….. 4 Finding Number 1……………………………………………………………….. 4 Finding Number 2……………………………………………………………….. 5 Finding Number 3……………………………………………………………….. 6
Recommendations………………………………………………………………………. 7
Conclusion………………………………………………………………………………. 7 References………………………………………………………………………. 9

Executive Summary

Within this business report, I have analyzed three different employee compensation strategies that I feel could be well executed within our organization. Employee compensation is key to
…show more content…
In contrast, a salary compensated employee gets paid the same salary, a fixed amount of money and is not impacted by the amount of hours an employee works. Salaried employees are not required to keep track of the hours they are working because they do not quality for nor are they paid for any overtime. They are expected to complete their work regardless of the amount of time it takes them. Employees who are paid a salary are given the expectations that they need to complete the entire job in order to earn their compensation. This compensation differs from both hourly paid employees or performance-based paid employees. Employees are able to really count on this compensation and a consistent pay strategy is important to retaining good employees (Ojimba, 2004).
Analysis - Employees that are compensated through a salaried compensation strategy have a very stable compensation to rely on. There are no real surprises or swings in the amount of money an employee receives. Compensation is not impacted by the quality of the work produced or the quantity produced. Employees would have the opportunity to budget themselves or at least have a decent time predicting what type of income they can expect since it will always be the same without much changing from year to year. This strategy may allow for employees to develop the impression and mindset that they don’t have to do more or

Related Documents