HRM 598 Week 1 Discussions Compensation

HRM 598 Week 1 Discussions Compensation

Week 1

Week 1 DQ 1 : Overview of Compensation and Strategic Perspectives of Compenstation

Compensation Definitions and Systems (Graded)

What is your definition of compensation? How do perspectives on compensation differ? What forms of pay are used in your organization?

Week 1 DQ 2 : Overview of Compensation and Strategic Perspectives of Compenstation

Compensation Strategies and Organizations (Graded)

Look at the compensation strategies of Google, Medtronic, and Merrill Lynch (See Exhibit 2.1 in the text).

– Discuss the companies’ compensation strategies and see whether there is a fit between organization and strategy (See Exhibit 2.1 in the text and check out the companies’ websites, etc.).

– Are the business conditions, customers served, and employee skills the same for each? If not, how are they different?

– What are the compensation strategies used by your organization?