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
4. Suggest three (3) types of integrated analytic features that are needed for compensation planning and decision support in e- Compensation systems.

A strong pay- for- performance culture has the ability to increase employee performance potential. By rewarding your employees fairly you engage them, increase morale, inspire loyalty, and ultimately achieve better financial results. Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according to the business needs, goals, and available resources. Compensation may be used to recruit and retain employees, increase or maintain morale and satisfaction, and reward and encourage peak performance. Recruitment and retention of qualified employees is a common goal shared many employers. To some extent, the availability and cost of qualified applicants for open positions is determined by market factors beyond the control of the employer. Morale and job satisfaction are affected by compensation often there is a balance that must be reached between the value the employer is willing to pay and the sentiments of worth felt by the employee. Compensation may also be used as a reward for exceptional job performance. For example, bonuses, commissions, profit sharing, and stock. Compensation can establish benchmark job,