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Write 1 page essay on the topic Benefit Design Report.The new benefit design will adhere to all legal law constraints governing pay systems such as overtime pay. The common overtime issues to be compe
Write 1 page essay on the topic Benefit Design Report.
The new benefit design will adhere to all legal law constraints governing pay systems such as overtime pay. The common overtime issues to be compensated include compensatory time off, training time, travel time, and non-exempts incentives. In order to ensure fair incentives for performance, the company will be using variable pay system. This means compensation linked to team/group, individual, and organizational performance. Variable pay system will ensure fair compensation because some employees show good working efforts, which are highly productive than others.
Therefore, better performing workers should be compensated more. Additionally total compensation need to be linked directly to results and performance. Lastly, certain jobs contribute a lot to the corporation than others and need higher compensation rate. The benefit design avoids use of team/group benefits compensation because rewarding employees in equal rates seems to be “unfair” since there are employees who work harder or carry out difficult jobs than others. Also team/group members may not be willing to accept co-workers’ incentive decisions. Moreover, most employees expect to receive benefits as per individual
