Lack of Compensation

559 Words2 Pages
bulb-icon

Recommended: Introduction on employee rights

I agree to be bound or follow by the Contract of Employment as mentioned above Signed: _________________ The human resource structure in this company is lack of compensation and benefits. Based on the case study, we can clearly see that the employer did not provide reasonable amount of compensation that has made the employee to take such actions for the downfall of the company. Many employees feel dissatisfied with their jobs at one point or another. Some employees leave their jobs for better opportunities, while others choose to stay. Employees with low job satisfaction can negatively affect a company because they typically lack motivation, perform poorly and possess negative attitudes like what happened here in this Tianyang Food (Johnson, 2010). One of the primary reasons for job dissatisfaction results from companies underpaying workers (Johnson, 2010). Peter Cohan of Daily Finance said in an article that the Economic Policy institute reported that workers’ income is lagging behind inflation as of 2011 (Cohan, 2011). This means that employees must use their money further to buy...

Show More
Related

  • Motivation At Dick's Sporting Goods

    607 Words  | 2 Pages

    through the corporate ladder is a great way to motivate employees, overworking might not be the best method, as it can cause burnout and unmotivated employees. Providing low pay and/or incentives to employees is also, in my opinion, not the best way to influence motivational employees who will put forth hard work, and be loyal to the company.

    Read More

  • The American Dream By Brandon King Analysis

    797 Words  | 2 Pages

    It gives them a sense that they are being fairly compensated for their hard work. How can one expect another to be passionate about their occupation if they feel cheated or better yet be passionate about an economy that makes less of them? High salaries attract and motivate workers; enthusiastic and productive workers attract business; an increase in business leads to an increase in money for the economy. Therefore, by raising the minimum wage, a mutual satisfaction can be attained for both, workers and businesses. McClelland appealed to emotion and credibility more effectively than King by uniting his life experience into his text, using it to influence, and also providing full references of other’s experiences. This came to become a major convincing factor. This comes to say, although King’s argument was strong with the potential to be equally arguable, McClelland’s defense presented to be more

    Read More

  • Lew Prince's The American Dream Needs A Fair Minimum Wage?

    733 Words  | 2 Pages

    An employer who pays his employees the bare minimum will not see the same appreciation and respect as an employer who pays his employees livable wages. Lew Prince points out the various benefits that have come with paying his workers above the federal minimum since his business began. He states, “We’ve outlasted 20-store local chain and numerous regional and national chains. Most of these companies paid their employees minimum wage or barely above. My creative, dedicated, and better-paid employees won this life-or-death struggle for us” (Prince). Their loyalty also benefits Prince in the fact that he has to pay very little for employee turnover and constant training costs that other businesses struggle with. What Prince and many other business owners alike gain from higher wages reflects only a portion of the nation that will prosper from this monumental economical

    Read More

  • The Importance Of Motivation At USAA

    1042 Words  | 3 Pages

    When employees were asked, what factors could be changed at USAA to help maintain employee motivation levels, a couple of them answered with, “higher wages” and “more money”. This response corroborates other studies regarding pay which state surveys will more likely under emphasize the importance of pay relative to other motivational factors. (Rynes, Gerhart & Minette, 2004). “Financial incentives had by far the largest effect on productivity of all interventions. For example, pay was four times more effective than interventions designed to make work more interesting.” (Rynes, 2004). One reason for this phenomenon is social desirable responding. It should be noted, that although pay may be under reported, the results indicate other factors are also important for employee

    Read More

  • The Sarcastically Wonderful World of Outsourcing

    905 Words  | 2 Pages

    Job growth is at an all-time low, and it is because of the pay that Americans have to have in order to survive in the United States. The largest companies in the United States are finding that there are workers that are just as qualified in other countries that do not require as much pay. The article Vanishing Jobs says, “Nationally, layoffs are eliminating jobs far beyond blue-collar workers... in the ever shrinking manufacturing sector” (Katel). This quote interprets the idea that business will do anything to make a greater profit through cutting costs. Most politicians say that the issue behind job loss in the United States is because of lack of education. This to some point is true; however, the evidence provides the information to conclude that the degree holders are mostly the ones losing their jobs because of the higher wage that is obtained by the degre...

    Read More

  • Management Turnover

    905 Words  | 2 Pages

    This case study was about the president of Bubba Gump Shrimp Company, a restaurant chain specializing in seafood, whose practice structure and secret to success was to have and maintain minimal management turnover. In fact, his focus on turnover was so successful that he did not have a general manager leave for 3 years, and he has decreased management turnover from 36% to 16% in 2 years. The motivation of an organization’s employees significantly affects it success. Additionally, employee turnover, absenteeism, and tardiness weaken employee productivity.

    Read More

  • Fab Sweets Case Analysis

    1389 Words  | 3 Pages

    The main problems that are affecting the company were the high level of labour turnover, below target production rates, high levels of scrap, the employees had little input in the decision making, therefore resulting in low motivation and job satisfaction, and didn't have enough feedback on there performance. Added to this was the conflict between the supervisors and employees in the production and packing areas, and the grading and payment levels wasn't satisfactory to the employees.

    Read More

  • Enron

    1136 Words  | 3 Pages

    3.     The contributing factors to their ineffectiveness were poor planning and leadership. The company grew to quickly. In their desire to grow and expand, the company’s senior management did not establish and follow ethical practices that would sustain the company. Controls were not established in key places, such as, accounting practices and principles. Senior management failed to appropriately manage the activities of lower level managers and set a bad example.

    Read More

  • 6 TOWS Analysis: Burger King And Mcdonalds

    1724 Words  | 4 Pages

    Because of this, many employees tend to leave when they have found a job with higher pay. This increases the training costs for their employees, as they tend to not stay for too long.

    Read More

  • Gender Discrimination in the Workplace

    1829 Words  | 4 Pages

    Mandelbaum, Robb, “There is a Salary Gap when pay themselves”. New York Times. Ed. Abramson Jill, Pub: New York City, February 18, 2014

    Read More

  • Is Money Really an Effective Motivator?

    1057 Words  | 3 Pages

    Management spends a huge amount of time to design incentive systems and schemes to motivate their workers and to ensure they work in their best possible manner. Motivating workers by giving them decent pay helps in winning employees heart to make the work done efficiently, significantly and effectively. The most effective way to motivate people to work productively is through individual incentive compensation (Pfeffer, 1998). An attraction of getting more is a powerful incentive to people for high performance. While most people agree that money plays a major role in motivating people, in organizations there is a widespread belief that money may also have some undesirable effects on morale.

    Read More

  • Internal And External Factors Of Job Dissatisfaction

    716 Words  | 2 Pages

    The only determination they pertain to is to increase their productivity in order to get more money, but in due time this makes them traumatic and hostile. Undesirable employees have no interest in the work, soon the satisfaction is hard for them to achieve, leading to insufficient motivation.

    Read More

  • The Personality-Job Fit Theory

    1097 Words  | 3 Pages

    Derek, I too have worked in the financial industry for some time. My field took me into the brokerage field helping individuals understand the market or to help plan for their retirement. In this field, not only were we required to learn all the CPA and brokerage laws, but we were also required to learn all the banking laws that went in place with it. I absolutely agree that in this environment everything that leads to job dissatisfaction is obvious and ever growing. Even in my most recent position right now, we are heavily regulated and forced to do things that sometimes we aren’t even as comfortable doing all in the name of making money, but it culminates into this peaked pile of “low pay, increased worked loads, lack of promotions, and excessive stress on the job.” (Robbins, 2013)

    Read More

  • Customer's Materialism And Consumerism

    842 Words  | 2 Pages

    ...ced in sales and therefore continued to earn rewards while those who did poorly were reprimanded and punished with further shortened schedules. The low morale reflected upon customers as they were angry with being forced to purchase worthless items and saw some of their favorite employees being maltreated and even fired. The greed of this company ran deep and its downward spiral is only just beginning to stop with the transition of ownership.

    Read More

  • Importance And Importance Of Compensation

    2163 Words  | 5 Pages

    Organizations are working hard in today’s world of business, not only to remain competitive, but also to focus on stability and structure. Employees are the backbone of an organization. It is becoming more important to offer quality HRM programs to staff, in order to support the retention of trained and experienced staff. Employees have always been concerned with salary however, there is a new focus emerging that looks at compensation as a whole entity. Monetary wages are now just as important as other benefits such as paid time off, medical and dental offerings and retirement. This paper will discuss the importance of the total compensation program which includes many aspects, not just salary. Attention must be paid to equal pay, pay

    Read More

More about Lack of Compensation

Open Document