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Human Resources - Compensation and Benefits

 

            In terms of compensation and benefits, technology companies Google and Facebook can be compared. is an American multinational innovation organization that specializes in internet-related items and services. The company's mission is to take the world's information, organize it, and make it useful and accessible to all individuals. Google hires those who are knowledgeable and determined to reach the goals of the company. Ability is supported over experience, therefore, someone older in age isn't necessarily looked upon as overpowering. The workers all share common visions even though they are very diverse and speak numerous languages, which reflects the global audience that the organization serves. On the other hand, Facebook is an online social networking site. It allows people from all across the world to interact with one another, posts photos, and to share any type of information. Moreover, Facebook and Google are both very similar and different when it comes to compensation and benefits. .
             Direct compensation at these companies consist of a base salary and a cash bonus. Software engineers at Facebook get a base salary of $110,874 accompanied with a cash bonus of $13,781. Google's base salary is lower at $103,223, but it offers a higher bonus of $18,117 (CITE). However, if a Google employee is unhappy with the compensation they are receiving, it is almost impossible for it to change since Google doesn't negotiate. Principle recruiter for Google Engineering, Bob See, said, "Once an offer is extended, Google won't change its offer. So negotiation tactics like 'That's not good enough, I want more' are irrelevant to Google's compensation philosophy" (Gillett). Therefore, the company stays consistent with the pay it proposes to someone if it is suitable. The only way Google will reconsider its current offer is if new information like a contending offer of current pay is given.
             If the contending offer is above the standard offer given by Google, then a competitive offer will be conducted by a compensation analyst (Gillett).


Essays Related to Human Resources - Compensation and Benefits

1. Human Resources and Intangible Assets

Human Resources Management is the means by which an organization utilizes its employees to bring out their maximum potential. This paper's purpose is to enlist the reader in the importance of Human Resources Management and how the many different aspects of HRM work together to reach this objective. ... It is a part of the job design, recruitment, selection, performance appraisal, training and development, compensation, and benefits (Youssef, 2012, ch. 1.5). ... Human Resources Planning, Recruitment And Selection Human resources planning, recruitment and selection is the process in which H...

  • Word Count: 3388
  • Approx Pages: 14
  • Has Bibliography

2. Human Resource Management

Businesses are aware of the value of their investment in human resources. ... Human Resource Management helps line managers accomplish recruitment, selection, retention, training, and compensation. ... Human resources are a vital investment for most companies. ... Compensation has an important impact on employees morale and workforce productivity. ... Employee benefits were once thought to be relatively minor in Human Resource Management, but is now seen as a major contribution to Human Resource Management....

  • Word Count: 840
  • Approx Pages: 3
  • Has Bibliography
  • Grade Level: Undergraduate

3. best-practice HRM

With today's workforce becoming increasingly diverse, Human Resource managers are having to stay ahead of the labour force start implementing more ways to maximize the benefits of employees in order to get what they need from it resources. ... One advocate has described HRM as: "a strategic approach to acquiring, motivating, developing, and managing the organization's human resources which is devoted to shaping appropriate cultures, and introducing programmes that reflect and support the core values of the organization and ensure its success." ... They refer to this as stretch...

  • Word Count: 2981
  • Approx Pages: 12
  • Grade Level: Undergraduate

4. Development in Human Resources

Organizational development can influence other human resources practice areas, and those areas will also shape organizational development. ... Seventh, OD, serves as a tool to help formulate and implement compensation/benefit programs. Strategic Organizational Development It is important to distinguish between a strategic planning intervention and organization design in implementing organizational and human resources grand strategy. ... HRP managers are considered to be staff specialists whose principle role is to facilitate decision making, provide information to others and offer speciali...

  • Word Count: 508
  • Approx Pages: 2

5. cool

With today's workforce becoming increasingly diverse and organizations doing more to maximize the benefits of the differences in employees, Human Resource managers are evolving from the "old school" sideline player to the front-line fighters. ... Benefits are an established and integral part of the total compensation package. ... They can also include compensation decisions and the like. ... Largely the success of an organization depends on the performance of its human resources. ... By offering enticing compensation packages, equitable pay, flexible benefits and known incentives an organ...

  • Word Count: 1335
  • Approx Pages: 5
  • Grade Level: Graduate

6. Human Resources

Top managers are beginning to realize that organizational success depends upon careful attention to human resources. Within today's business world the focus on human resources has increased tremendously in recent years. ... Such human resources services involve the recruitment for a company as well as over seeing benefit and compensation packages, temporary and permanent placement of qualified workers and ensuring training and future development are observed and meet the company's qualifications. ... From an employers point of view they can have tremendous benefits. ... Oracle&#...

  • Word Count: 2700
  • Approx Pages: 11
  • Has Bibliography
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7. Domestic Partners And Benefits

Equitably managing the employee benefits portion of a compensation package is one such issue. Since employee benefits can account for 30 to 40 percent of an employee's compensation, the manner in which these benefits are offered and administered can have a significant impact for both the employer and the employee (Isaacson 1). ... In fact, research from The Segal Company, a New York based human resources consulting firm, indicates that costs associated with HIV and AIDS are typically lower than more common conditions such as heart disease, premature births, and cancer (Wells 4). ... Th...

  • Word Count: 1642
  • Approx Pages: 7
  • Has Bibliography
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8. Human Resource Roles

Our Human Resource department ensures that Malca-Amit maintains a highly motivated, productive, and satisfied work force by providing leading-edge training, technology tracking capabilities, outstanding safely, renowned benefits, and dedicated personnel services. Our continuing solid success, new tracking technologies, and unique corporate philosophy of Malca-Amit make it the right choice for dedicated our employees who look for challenge in the areas such as: • HR Information Systems • Training and Development • Compensation and Benefits • Recrui...

  • Word Count: 795
  • Approx Pages: 3
  • Grade Level: Undergraduate