Describe how organizations combine incentive plans in a balanced scorecard. Discuss issues related to performance-based pay for executives.

Describe the fundamental pay programs for recognizing employees’ contributions to the organization’s success.

  • List the advantages and disadvantages of the pay programs.
  • Describe how organizations combine incentive plans in a balanced scorecard.
  • Discuss issues related to performance-based pay for executives.
  • Explain the importance of process issues such as communication in compensation management.
  • List the major factors to consider in matching the pay strategy to the organization’s strategy.
  • Discuss the growth in benefits costs and the underlying reasons for that growth.
  • Explain the major provisions of employee benefits programs.
  • Discuss how employee benefits in the United States compare with those in other countries.
  • Describe the effects of benefits management on cost and workforce quality.
  • Explain the importance of effectively communicating the nature and value of benefits to employees.

Describe the regulatory constraints that affect the way employee benefits are designed and administered