HRM 598 Week 6 Discussion 1
In 2008, Pratt estimated that executives received more than 360 times the pay of the average worker (as cited in Milkovich, Newman, & Gerhart, 2011). What are the components of executive compensation? Why are there so many societal concerns about executive pay today ?
HRM 598 Week 6 Discussion 2
Compensation programs are managed to ensure that the total compensation is aligned with organizational goals and strategies. There are a number of employees with the correct skill sets, and they are paid at the appropriate level and within a budget that is affordable to the organization. How can labor costs be managed? What tools are available to HR ?