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paper.docxRunning head: COMPENSATION PORTFOLIO SIGNATURE FOR APPLE INC. 1
COMPENSATION PORTFOLIO SIGNATURE FOR APPLE INC. 4
Introduction
The compensation portfolio signature of any business unit or organization serves reward and attracts the loyalty of the employees of the organization and ensures their preference to work at the organization comparative to the other competing organizations. In this era of increased business competition, every organization expresses the desire to retain and maintain its effective and efficient workforce by the provision of better working offers relative to the competitors in the market. Additionally, compensation portfolio signatures serve to attract talented and professional workforce. This attributable to the fact those competing business organizations are always in competition for employees with talent and professional-threshold (Tamara and Gratton, 2007). This assignment project sets to present an analysis of the compensation portfolio signature of Apple Incorporation in two parts. The first part of the analysis process focuses on the analysis of a few select job positions at the multinational incorporation, internal and external motivation factors and the performance evaluation factors of the multination technological incorporation. The second part highlights the performance evaluation system of the multinational incorporation based on the performance evaluation factors in part one. Additionally, the second part of the project assignment entails the specific pay structure for the jobs analyzed in part one and both the internal and external pay equities of the giant incorporation
Background of Apple Incorporation
Apple Inc. was founded on 1st April 1976 by Steve Job and Steve Wozniak who were then long-time friends and college dropouts. John Wayne, who was also influential in the formation and establishment of the incorporation, however, dropped out of the company and sold his 10% share to Steve Jobs and Steve Wozniak for about $800. Since then the incorporation has witnessed tremendous growth and expansion in the technological market and industry. The product lines of the multinational incorporation have grown and improved from the Apple I personal computer kit to the manufacture, marketing and distribution of personal computers, mobile devices such as phones and tablets, and the provision of networking solution services amongst other technological product lines. The giant technological incorporation has curved a niche and market share in the technological industry and market through the production of high end devices such as its trademark iPhone phones and MacBook laptops. Additionally, Apple Inc. offers top notch media and entertainment services and software such as iTunes; a music entertainment platform with an access to unlimited music songs and videos at an affordable charge of less than $1. The provision of quality and improved products and services has set the company on an exponential growth curve attributable to a large global clientele base (Rawlinson, 2015).
Job analysis of select positions
There are various job positions at Apple Inc. to match the various different operations and functions of the multinational incorporation in bid to meet its goals and objectives. The job details vary from one position to another depending on the activities and tasks done. Some of the job positions include:
a) Software engineer
This job position entails the creation, development and improvement of firmware of the incorporation`s products and devices. This job positions is involved in interaction with the device department and sections. This is critical in matching consumer expectation and needs to maintain consumer loyalty and maintenance of the competitive edge and advantage of the incorporation in the product market. This job position comes with an attractive compensation package averaging $120,000 per year.
b) Software technology evangelist
This job description involves ensuring the successful integration of third party software services with the iOS operation software platform of the incorporation`s technological devices. The software technology evangelist work in partnership with the third party software solution to ensure with regards to the incorporation`s devices to ensure maintained high performance for customer satisfaction. This job position also comes with an attractive compensation package of averaging about $100,000 per year.
c) Streaming engineers
This work description entails the development and tuning of the network delivery platforms of the multinational incorporation`s media and entertainment delivery. This job position entails engaging with the media and entertainment department and sections of the incorporation. This is critical in the delivery of quality and entertaining content on the incorporation`s media platforms such as Apple TV. This job position also comes with an attractive and motivational package averaging $100,000 per year.
Internal and external motivators
Internal motivators of employees are the motivating factors accruing from the internal operations and management of the Apple Inc. There are numerous internal motivators for the employees` motivators of Apple Inc. To begin with, the level of remunerations and benefits play a crucial role in the motivation of employees at the incorporation. The incorporation ensures appropriate and attractive financial compensation packages for all its employees in addition to various incentives such as sponsored education and training programs. Additionally, the job design and structure serves to motivate the employees at the technological incorporation. In the structure the employees enjoy autonomy, independence and freedom thus improving on innovation skills. On the other hand, the external motivators of the multinational incorporation accrue from the incorporations operations in the market and industry. The major external motivator of employees of Apple Inc. is the brand and image of the technological market leader. Apple Inc. enjoys a positive brand image globally with regard to its products and operations.
Performance evaluation factors
Apple Inc. has an employee evaluation system to determine the level of performance of the employees. Notably, the appraisal of the employees is the most essential and critical factor in the evaluation of performance of the employees of the incorporation. The employee evaluation system is base on various performance evaluation factors such as the reception of the innovations attributable to an employee or a group of employees in the incorporation. Additionally, the strategic management focuses on the matching of project deadlines and successful completion of the assigned tasks.
