compensation management

After working for a few years, if I was presented an opportunity to work abroad, I would be hesitant to accept because working internationally is not something I necessarily want to do. Although this opportunity would be a positive career move for me both in the short and long-term, I would have to have a… Continue reading Compensation Management – Week 10

Based off of the video and what we learned this week I personally thing that the majority of executive compensation today is excessive. I do believe that executives should be paid a higher salary because they are more important and have worked much harder than most to get to that position, but at the same… Continue reading Compensation Management – Week 9

Discretionary benefits are essential for a company to have to keep employee morale up. The three main goals of using discretionary benefits are to provide protection, paid time off, and services that will enhance work and life experiences for their employees. Although discretionary benefits are helpful in retaining and attracting employees it is also one… Continue reading Compensation Management – Week 7

I am currently double majoring in both accounting and management with a focus in HR. There are a few different paths that I have considered to take after graduation but I think I am most interested in working in an accounting firm. The job that I found that I could realistically see myself doing is… Continue reading Compensation Management – Week 5

Can companies easily develop compensation systems that are both internally consistent and market competitive? What are 2-3 challenges to this goal? It is important for companies to develop not only a compensation program that is internally consistent but that is also market competitive. Internally consistent compensation systems are based on the value that each job… Continue reading Compensation Management – Week 4

The company I decided to research was McDonald’s because it is one of the most well known fast food restaurants around the world that has continued to stay on top. McDonald’s competitive strategy is mainly based on low-cost leadership strategy. This means that they focus on gaining their competitive advantage by being the lowest-cost producer… Continue reading Compensation Management – Week 2

This past summer I accepted an offer and worked as an intern for one of the big four accounting firms, Ernst & Young. This internship was a pretty easy offer to accept as they paid very well at about twice what minimum wage is currently. My career goal is to be an accountant and get… Continue reading Compensation Management – Week 1

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