How do employee preferences influence the formulation of an organization's total compensation strategy?
What will be an ideal response?
The simple fact that employees differ is easily overlooked in formulating a compensation strategy. Individual employees join the organization, make investment decisions, design new products, assemble components, and judge the quality of results. Individual employees receive the pay. A major limitation of contemporary pay systems is the degree to which individual attitudes and preferences are ignored. Offering more choice is one approach. Older, highly paid workers may wish to defer taxes by putting their pay into retirement funds, whereas younger employees may have high cash needs to buy a house, support a family, or finance an education. Dual-career couples who are over insured medically may prefer to use more of their combined pay for child care, automobile insurance, financial counselling, or other benefits such as flexible schedules. Employees who have young children or dependent parents may desire dependent care coverage. However, preferences are notoriously unstable, changing according to the economic and personal conditions people face.
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The following information is available from JB Corporation's accounting records for the year ended December 31, Year 4: Cash received from customers $600,000 Dividends received from marketable securities 80,000 Cash paid for purchase of supplies 300,000 Income taxes paid 50,000 Cash dividends paid to shareholders 30,000 Net cash flow from operating activities for Year 4 totaled
a. $200,000 b. $250,000 c. $300,000 d. $330,000 e. $220,000
________ is an objection that can be raised by a defendant when there is a negligent delay in asserting a right or a claim by a plaintiff
A. Expropriation B. Lack of a genuine link C. Failure to exhaust remedies D. Laches
Business processes are those logically related tasks for accomplishing tasks that have been formally encoded by an organization
Indicate whether the statement is true or false
Objects have ________, which are computer programs that perform some task
Fill in the blank(s) with correct word