Compensation and benefit system

Compensation and benefit system

Introduction

In today's corporate scenario, we can see that organizations are facing turbulence in the global market, the big choice is restructuring in the face of challenges. And to make these changes happen and to succeed it is necessary for leaders within organizations are responsible for operating results. And for both specialists in the area of ??strategic planning are straightforward and consistent in stating that the success of a company starts for excellence in strategy to hire the best employees and retain them know. In other words, the company instead of guaranteeing job security, she should invest in their employees so they can be more efficient as they can, valuing them as well, so as professionals. So it is a reality, and organizational reform will not change anytime soon, especially for companies who think ahead and think about the future is a strategy that ensures excellence, quality and respect of their internal customers. For this implementation of new procedures, the use of new technologies, new strategic visions that are created and adapted to the reality of each company only has tools for adding transitions that these restructurings are productive and less traumatic for all possible within organizations (Barbeito et.al, 1998).

Changes are constant and necessary dynamics. They happen so that processes are improved; acknowledge, guide and manage change includes recognizing emotions and human reactions, to minimize the inevitable drop in productivity that often accompanies change. One of the tools used within organizations is focused on the strategy to know and understand the needs of their internal customers, focused on systems of remuneration and wages (salary and benefits). Therefore, working together, managers and employees, minimizing concerns, the challenges increase, provisions and analyze problems and suggest action plans that reduce the impairment of processes, resulting in positive actions (Worrall, & Appel, 1985).

Discussion

One of the major problems that companies face today is the lack of an adequate structure of wages. This is because on one side there is concern in motivating employees, with wages compensating on the other hand there is concern situate at a reasonable level, the personnel costs. The organizations expect their employee's consistent results and on the other side of organizations expect employee's professional growth and financial results in accordance with their (RIGAUD, 2009). Therefore, organizations need to have good compensation plans. But beyond the organization, employees must also comply with their part by continuing their training, seeking continuous improvement, acquiring academic etc.

For this reason, it is necessary to understand the pay, what are the items that compose it, meet the criteria of the compensation plan, all aiming to acquire the knowledge necessary to properly implement the compensation plan where employer and employee can quit gaining. After all, Rigaud (2009), is required to pay salaries any business that keeps people working in your organization, but remunerate them adequately is to recognize individual talents.

Wal-mart

Wal-mart is an American multinational corporation that specializes in the retail, founded by Sam Walton and now headed by his eldest son, ...