Lead Presentation Essay Example | Topics and Well Written Essays - 750 words

Lead Presentation - adjudicate ExampleIn the present report, we entrust concentrate upon different approaches to calculating payment to the lag, with especial focus upon the use of feat-based and skill-based payment systems, and compensation packages.Whereas there are several types of salary (fixed, performance-based, skill-based, etc.), each having its merits and demerits, the companies consider the unity that corresponds ideally to the profession, style of work, and even personal traits of workers. It is a well-known phenomenon that whereas some categories of employees are motivated by high salaries, others prefer getting compensation package rather than big salary. For companies managers, it is often difficult to choose between offering their employees high salary, on the one hand, and other benefits on the other. Let us and then consider two types of payment and compensation packages, and how their use influences the performance of the employees.Skill-based system of empl oyees remuneration certainly has some(prenominal) advantages and disadvantages on the one hand, it makes the task of calculating the payment for each worker easier for the companys prudence and allows to attract and restrain highly skilled personnel, but on the other hand it takes into account skills rather than actual performance and therefore people get more not because they work hard but because of their background. Sometimes employees with better skills perform worse than those who are less skilled, and in these cases such a system of payment will affect the quality of work, lower employees motivation, and even destroy team spirit.Yet, it may be argued that those who had been able to scram a certain amount of skills are those whose motivation and performance are high, and the system of skill-based payment plant life under the condition that certain rules are stuck to. First of all, it is crucial that the employees understand the way the payment is calculated, and in full committed to the company so that there are no doubts as for its fair attitude to staff. (Schuster, 1998)Secondly, the companys management has to make sure that the skills the workers acquire correspond to the companys goals, since it has been pinpointed that skill-based pay is likely to cause problems in cases when the skills acquired by the staff become outdated or if the skills are not being used to the fullest by the company. (Ashish et al. 2004) Therefore, the company should reflect the clit of an employees learned skills to the achievement of company goals. (Fox 2002) 2.2. compensation packagesPerhaps the main argument in favor of companys development compensation packages is that this brings the employees to a considerable degree of commitment making them regard their company as stable, reliable, and compassionate about its staffs wellbeing. Nowadays, practically any respectable company offers their staff compensation packages of some sort which may include bonuses, holdi ng companies stocks, getting discounts, medical insurance, etc. (What does a total compensation package include, 2001 Compensation package, 2005 Evaluating the total compensation package, 2005) Free trainings and courses are also extremely motivating, especially for the young