Salary and Merit Pay Essay - 1846 Words

e- Compensation Viola Alston Dr. Jamie Brown HRM 520 Information Systems March 11, 2012 1. Assess the advantages and disadvantages of using a Web-based compensation tool verses a client-server based or stand-alone PC based system and then give your opinion on which system would provide the most value to an organization’s stakeholders. Include three (3) facts to support your opinion. After assessing the advantages and disadvantages of using a Web-based compensation tool verses a client-server based, and a stand-alone PC system my results are as followed. In my opinion, a client- server would be the best system to use for an organization; verses the Web-based and†¦show more content†¦Recognizing and rewarding high-performance is a key recommendation for any approach when managing any merit pay program (HRIS 2012). Merit pay is a compensation system where base pay increases and is determined by an individual’s performance. Using a merit pay plan is a good way for an organization to reward high performance is one benefit when using merit pay programs . The first step in implementing or improving a merit pay program is to have a solid performance management program, and this is another way a merit pay program is beneficial. Merit pay is a way to be successful and effectively implement merit pay with a uplift in salaries, and this is a third way using a merit pay program is beneficial to an organization. There are some drawbacks when using merit pay programs, such as paying some employees more than others. If you pay high-performing workers more than low- performing employees, the high- performers may stay, causing the low- performers to complain or leave the organization. A second drawback in using merit pay program is that employees become less motivated if not paid to their satisfaction. For example, if employees feel they should be making more money for their performance, this causes them to have low self esteem, and want to find employment at other organization. The last drawback associated withShow MoreRelatedLeveraging L abor Relations1366 Words   |  6 Pagestowards the company (Hirsch, 2009). In the case of jobs in sales, companies usually provide very small fixed salaries, but increasing levels of commissions based on the sales volume of employees. This is intended to motivate sales people to sell more. In the case of this organization, the compensation practices strategy is very complex. The compensation strategy is a combination of fixed salary, bonuses, and other perks. 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