Essay
OL 211 Human Resource Management OL 211 Milestone Four - Southern New Hampshire University
- Course
- Institution
OL 211 Human Resource Management OL 211 Milestone Four - Southern New Hampshire University
[Show more]
Seller
Follow
StudyConnect
Reviews received
Content preview
Running Head: OL 211 MILESTONEFOUR
OL211 Milestone Four
Southern New Hampshire University
Name
, OL 211 MILESTONE 2
FOUR
Presenting fair monetary payments for salaries is great for business. If the company pays
too little then one-day people will look for a better salary proposal. If a company over
compensate employees then the budget for payroll and the strategic outlook for profits will
undergo hardship. Companies need to be competitive in the job market to keep potential top
talent within the organization. Global company, Maersk Group, offers discretionary benefits to
build relationship to retain the current and future employees. Workers that appreciate great
benefit packages, will be delighted work for the organization. The Maersk Group pride itself in
being a family owned company that took care of its employees (Groysberg & Abbott, 2013). As
a global employer, Maersk offered discretionary benefits tailored to the countries that has
operations to recruit more employees to that market. Since Maersk can offer great benefit
packages then salary surveys are crucial to attract the right employee for the right position
(Groysberg & Abbott, 2013).
On the Maersk website, the organization displays the benefits hoping to appeal to
potential candidates to apply with the company (Maersk Line Limited, 2017). The company
states on their website, “dedicated to attracting, developing and retaining the industry’s best
talents. As proof of this commitment, Maersk Line Limited offers a flexible benefits program
designed to enable each employee to tailor a benefits package to his or her needs” (Maersk Line
Limited, 2017). Maersk offers choices, because the company cannot predict what benefits will
be attractive to their future employees.
Since most companies offer these benefits to stay competitive, Human Resources then
has the duty to utilize salary surveys as a compensation and benefits benchmarking tool. Salary
surveys is collected information or data about employee’s wages and benefits paid by employers
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyConnect. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now