Unit 7 Journal
In preparing a compensation plan, an organization must consider all the laws and regulations associated with the pay of special groups (i.e., supervisors, corporate directors, and executives). However, do you think compensation for special groups is excessive? If so, why? Address a law or regulation that is specifically related to special groups that you think is vital. Why is it so important to you?
Your journal entry must be at least 200 words in length. No references or citations are necessary.
Compensation for special groups are not excessive in the workplace. It’s a norm that has been around forever, and I see will be around for years to come. Employees get paid depending on what level you are at within the company. Entry level employee’s get paid beginning salaries and the further you progress, the more you make. Management, Supervisors, Directors, CEOs, etc. make more because they do more and have more responsibility than a normal employee. They have to deal with the conflicts between employees, performance evaluations, upper management, employee morale, stock holders, government law compliance and enforce safety standards. (Newman, Gerhart & Milkovich, 2017). There is so much more that these special group individuals do that normal employees don’t do, so I definitely do think they deserve extra compensation for their added stress and work load. The higher you go in the Army, rank and leadership wise, the more hours you put into the day taking care of Soldiers. When you send your Soldiers home for the day, the leaders stay back and finish everything so they don’t have to and can enjoy the rest of their day. One law I think is extremely important is the Equal Pay Act, 1963, which states equal pay required for men and women doing “substantially similar” work in terms of skill, effort, responsibility, and working conditions. (Newman, Gerhart & Milkovich, 2017). This is important because no matter what your gender is, everyone should be paid equally if you are doing the same job. There is still a big issue today, in 2020, of companies paying differences between men and women, and it’s not right. Gender should have nothing to do with what you get paid, only the position you hold. I am just glad the Army pays for the rank you are, nothing more.
Reference:
Newman, J. M., Gerhart, B., & Milkovich, G. T. (2017). Compensation (12th ed.) [VitalSource Bookshelf version]. Retrieved from https://online.vitalsource.com/#/books/9781259738104https://online.vitalsource.com/#/books/9781259738104
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