Compensation and Benefit

Running Head : Compensation and benefit

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Question 1 Oklahoma State University

The dissatisfaction may lie with the institution 's pay scale . The absence of a formal pay structure means that the likelihood of inequitable salaries is increased . In addition it is a factor that contributes to reduced motivation among employees . Having a pay structure not only avoids a situation of demoralized staff it also provides a basis for comparison with other institutions

It is important that the University conduct a survey since the

survey will provide a true picture of what is actually happening . It may prove that the institution is paying less than other universities hence the exodus from the University . It will also likely indicate the inequities in salaries . Other benefits of having a survey done include providing an opportunity for the institution to include other benefits that may help employees to add to their retirement accounts and even enable them to take sabbaticals

Lincoln Heights Healthcare Connections is and organization that had a similar problem . They decided to conduct a salary survey which resulted in findings that the company 's salary structure was well below the nation 's average for most of its employees . The survey even identified some employees who were way above their salary ranges . All these point to the usefulness of a survey in discovering inequalities . Ms Dwyer of Lincoln Heights reports that the survey was beneficial to the organization in that it increased morale and led to a higher commitment from the employees . She reports that turnover was decreased from about 20 per cent before completion of the survey to below 2 percent annually at the time of completion (Dickey , 2005

Question 2 CGI 's next generation video card

The new project that CGI plans to adopt will automatically require professionals from outside . Internal and external employees tend to differ in their pay structure in any organization . However , it 's unrealistic to try hiring labor from outside for a specific role that is actually more advanced than current employees can handle and pay them equally

External labor comes on contract basis . This automatically dictates the type of payment mode that is required . If a contract is for 1 year for example the pay structure should be in such a way that before the year either all the amount is paid or part of the payments have been made Any employee will fell demoralized if a company hired other people from outside and paid them more than him especially when both are of the same profession . CGI should hence resolve on the formulae for paying the two sets of employees . For instance , there should be a sense of confidentiality in the way the payments are made

Experience on that particular job and the company 's good will in future are two conflicting ideas that a company should put into consideration If CGI goes for inexperienced labor , it stands a chance of not getting quality . On the other hand , if the...