Thursday, May 9, 2019
Human resources Case Study Example | Topics and Well Written Essays - 1500 words
Human resources - reference Study ExampleThe wage rates of the people marked on an industry-average basis be evaluated in terms of piece-rate system relating more to the Production workers where pieces produced by each individual argon noted. Basic Workers are also rendered yearly bonuses that also depend on their merit or performance rates. The compensation class of capital of Nebraska Electric can be enhanced by means of introduction of non- monetary benefits like Training and bloodline Recognition programs and yearly pay Cost attributed likewise is furnished to employees (The Lincoln Electric Company, n.d., p. 569-570). Compensation megabucks of Southwest Airlines is however found to comprise of a basic pay which is below the industry average. Additions are rendered to Basic Wages in the form of Profit and Stock Sharing endeavors where employees are rendered a discover of the connections yearly profits along with encouraging them to purchase shares of the concern. The peo ple procure shares by dint of allocation of profits or by means of a deduction in their pays. Other performance identification and reward programs are also generated financial or non-financial in nature to enhance the Total Compensation Package. ... 586-587). Benefits and Services The Benefits and Services rendered should be properly planned and executed by the organization to match the demands and aspirations of the employees through the process of employee surveys. Innovation must be rendered to as to the type and range of benefits and enhancement would be rendered through comparison based on industry standards. In the process of surveys and decision-making ventures related to benefit planning twain the employees and the union bodies must be taken into consideration. Finally having decided on the benefits based on the equal structure it must be adequately communicated to the beneficiaries to help them optimize and gain on present and coming(prenominal) opportunities (Sims, 2 007, p.484-485). Range of benefits and services rendered to the staffs in Lincoln Electric contain both financial and non-financial categories. In financial category benefits related to medical insurance and retirement financing schemes are on the cards. Non-financial benefits consist of meals obtained from the fleck cafeteria at concessional or discounted rates. Again the employees receive insurance for disability or accidental reasons from the Employee Association body. The company also renders right to older employees to procure stocks of the company wherein they gain on dividends same like the foreign shareholders. However the executives of the company are devoid of other perks like parking facilities and reserved washrooms and eating zones (The Lincoln Electric Company, n.d., p. 571-572). Southwest Airlines is also found to render a host of benefits to the employees both financial and non-financial in nature. The financial benefits that consist of a range of insurance benefit s related to medical, life, disability, mental needs and
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