a. Examine future trends and compensation models or plans and discuss how these will affect your Starbucks industry. Compensation models or plans are based on the goals achievement of employers and employees such that organizational growth and development of business is the sole objective of an employer whereas employee seeks for satisfaction in job, pursuance of career and good monetary benefits.
Compensation models are based on productivity and dynamic attitude of an employee whereas employer expects to receive tax benefits, cost cut in recruitment, labor cost control, abiding by the legal requirements and regulations of government and such other benefits that an employer expects to derive by offering compensation models.
Apart from these, individual performance and overall employee turnover and contribution to the growth of an organisation also are dependent for fixing compensation to employees. Some of the other factors that enable an employer to develop a compensation model are, attendance, performance, excellent communication and good practice of organizational behavior are all observed in employees as a part of compensation model.
This also varies in organizations depending on the kind of activity that a corporate organization is engaged in. Compensation models are also designed basing on physical activity and exertion such as inventory stores management, transport management, loading unloading of goods, marketing jobs or mental activity such as accounting jobs, taxation jobs, desk jobs on computers and other administrative jobs.
A basic difference between the two is physical exertion does require more energy and strength to travel from one place to another and the kind of stress is more whereas for mental activity jobs, more number of working hours release and result in mental stress although short intervals of break can takeoff the stress such as coffee time, lunch or snack time in offices.
It also depends on the capacity of an individual (COO, CFO, CEO) in possessing the potential ability to handle and administer various tasks and matters in an organized manner without exercising or expressing stress. Atmosphere or working environment in an office carries a good importance which motivates each worker to perform well, therefore, compensation model is designed considering all these factors with the growing trend of globalisation wherein different cultures, traditions and different education background employees come together for the purpose of work.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more