COMPENSATION Third Canadian Edition Milkovich, Newman, Cole. Chapter 13 Budgets and Administration. Managing Labour Costs. Labour Costs. Employment. Average cash compensation. Average benefit cost. +. =. x. Core. Base Pay. Variable Pay. Contingent. Managing Labour Costs.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Budgets and Administration
Average cash compensation
Average benefit cost
Three Distinct but Related Concepts and Their Measures
Personal Expense Budget
Employee’s cost of living
Goods/service markets price changes
Labour market wage changes
Consumer Price Index
Defining the Objectives
What are the goals?
Evaluating the Program
Obtaining the Information
Was the program successful?
What is the current situation?
Conducting the Sessions
Developing the Strategy
How should the sessions be implemented?
What is the best overall approach?
Determining the Media
What “tools” are most appropriate?
market data collection and analysis
pay structure development
incentive plan design
performance appraisal system
salary management administration procedures
Conducting Formal Communication Sessions for Various Audiences