Compensation
is the total amount or money pay to employee and employer in return for work
performance as required. The examples of compensation are bonuses, profit
sharing, overtime pay, recognition rewards and checks and also sales
commission. Compensation is one of the HRM topics, the organization needs to
use the compensation system to in their administration. The basic compensation
system includes base pay, merit pay, short-term and long-term incentives,
perquisites, recognition awards and attraction or retention awards.
Compensation programs must also meet federal and state statutory and regulatory
requirements. The Fair Labor Standards Act (FLSA) differentiates exempt workers
and non-exempt worker.
The
compensation data inputs in system include internal (jobs, people and
organizational units), external (market survey data, information on rewards
system) and generated data. Typically the most organization provide each
employee with an “Annual Compensation Report”. That is the total amount of
money spent by the organization on the employee, including money spent wages or
salary, incentive pay, and the cost of benefits paid for by the organization.
The
primary data from compensation is a payroll. The manager preparing budget draws
on compensation data as they project costs over the next budget period. This
data are sent to federal, state and local agencies, including taxing agencies,
labor department, and other units tracking wage data.
For
the strategic planning compensation, the organization focuses on performance
and knowledge their employee. The implication using web based compensation is
an easy to access, become a good relationship between employee and employer and
also can avoid the employee jump in another company.
The web based planning for system
implementation the organization can choose several steps for the implementation
process. Here have a several authors about the steps of the implementation
process. According Rampton, Turnbull and Doran (1999), they develop 13 steps in
the implementation process. According Jessup and Valacich (1999), they develop
5 steps, but they focus on the system side of the process. Here is several steps of the planning process
whereby the manager using in their organization. The process includes Project
Managers, Steering Committee or Project Charter, Implementation Team, Project
Scope, Management Sponsorship, Process Mapping, Software Implementation,
Customization, Change Management, and also Project Evaluation.
The benefit for organization is a easy
to use whereby that intentionally lack any complex features, quick
implementation whereby, just take a few minutes to setup, flexible delivery
model and also easily to interchangeable with Microsoft Project files.
References:
1. http://humanresources.about.com/od/glossaryc/g/compensation.htm
1. http://humanresources.about.com/od/glossaryc/g/compensation.htm
4.
Kavanagh, M.
J., Thite, M., & Johnson, D.R. (2014). Human resource information system:
Basic, application, and future direction.
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