-1 Part 5 Compensation of Human Resources Chapter 8 Establishing Pay Plans ©2004 by UIBE Liu yuxin
© 2004 by UIBE Liu yuxin 11-1 Part 5 Compensation of Human Resources Chapter 8 Establishing Pay Plans
Chapter 8 Outline I Determining Pay Rates II Establishing Pay Rates III Pricing Managerial and Professional Jobs IV Compensation Trends V Comparable Worth ©2004 by UIBE Liu yuxin 8-2
© 2004 by UIBE Liu yuxin 8-2 11-2 Chapter 8 Outline I Determining Pay Rates II Establishing Pay Rates III Pricing Managerial and Professional Jobs IV Compensation Trends V Comparable Worth
Learning Objectives List the basic factors in determining pay rates Explain in detail how to establish pay rates Describe how to price managerial and professional jobs Discuss current trends in compensation Establish a pay plan ©2004 by UIBE Liu yuxin 8-3
© 2004 by UIBE Liu yuxin 8-3 11-3 Learning Objectives List the basic factors in determining pay rates Explain in detail how to establish pay rates Describe how to price managerial and professional jobs Discuss current trends in compensation Establish a pay plan
I Determining Pay Rates 8-4
© 2004 by UIBE Liu yuxin 8-4 11-4 I Determining Pay Rates I Determining Pay Rates
Determining Pay Rates Employee compensation refers to all forms of pay or rewards going to employees and arising from their employment.It consists of 2 parts: Direct financial payments Indirect financial payments Can you name examples of direct and indirect payments? ©2004 by UIBE Liu yuxin 8-5
© 2004 by UIBE Liu yuxin 8-5 11-5 Determining Pay Rates Employee compensation refers to all forms of pay or rewards going to employees and arising from their employment. It consists of 2 parts: Direct financial payments Indirect financial payments Can you name examples of direct and indirect payments?