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Topic: Paying and Compensating Employees in New and Innovative Ways
For this discussion activity, your scavenger hunt will be completed by finding two examples of where an organization and management excelled in ensuring employees were properly compensated, including benefit packages, and then provide two examples of where an organization failed in this area, along with the end result for the organization (even to the point where the organization takes advantage of employees during hard economic times). Think about examples from the past or from your organization where the employees had great benefits and describe what the work environment was like, compared to some of the examples where organizations are not doing much in these areas and perhaps are even reducing benefits or compensation. In addition, I want you to consider the significant part that healthcare costs play and some of the major issues employees and employers have to deal with in this area. Remember, these examples can come from any organization. These examples can be from current events, historical instances, or classic examples, in video or print. Conduct a web search seeking two examples where organizations are paying and compensating employees in new and innovative ways, and then provide two examples where this is not happening. • Discuss what you found during your web search. • Provide a description of your selected key functions and how these functions can and do affect all managers and organizations. Post a 2 to 4 paragraph discussion post (300 words minimum). Justify your explanations by including in-text citations and references in APA format as applicable.
Paying and compensating employees in new and innovative ways Student: Professor: Institution: Course title: Date: Employee compensation is the new way of motivating workers to do their best. The compensation comes in form of money or a job promotion for those that want to enhance their careers. Google Company in Mountain view CA offers its employees a stimulating environment to create and work with. In addition to this they also offer comprehensive incentives, nonconventional benefits and great financial and moral incentives. Google offers competitive salaries to its employees depending on their work performance. For example, a junior member could get a compensation of$10,000 in stock