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Human Resource Management

Explore the impact of employee perceptions on pay fairness in organizations, including legal issues in compensation and principles of effective incentive pay plans. Understand how employees compare their pay and effort, and the consequences of feeling under-rewarded.

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Human Resource Management

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  1. Human Resource Management Week 7 Introduction MGT 340

  2. Legal Issues in Compensation Minimum Wage Equal Pay Act Child Labor Exempt vs. Non-exempt Title VII

  3. Employee Perceptions of Pay Fairness

  4. Employee Perceptions of Pay Fairness Employees compare their pay and effort against three yardsticks: What they think employees in OTHER organizations earn for doing the same job. What they think other employees holding different jobs within the SAME organization earn for doing work at the same or different levels. What they think other employees in the SAME organization earn for doing the SAME job as theirs.

  5. Pay Equity (continued) • Employee who feel under-rewarded may: • Decrease their input (reduce effort) • Increase their outcome • Steal • Ask for or demand a raise • Withdraw from the situation (leave the company or refuse to cooperate)

  6. Principles of Effective Incentive Pay Plans

  7. Legal Requirements for Employee Benefits

  8. Optional Benefits Programs

  9. Optional Benefits Programs:Group Insurance

  10. Optional Benefits Programs:“Family-Friendly” Benefits

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