Thompson Technology Case Study

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You are required to submit a typed, double-spaced, APA format, and grammatically correct document in Times New Roman with Font size set at 12 point with margins of at least 1 inch. 5 page paper follow the case study format. Answer all questions in case study format. paper but include Introduction, Background, Alternatives, Proposed Solution, Recommendations, and Conclusion. Please see attached document for case Study.

Please respond to the following questions:
1. What should be done about the numerous employee requests for compensation review, and how can Thompson Technology ensure equity in the compensation system?
2. How can compensation at Thompson Technology reinforce the organization’s strategic advantage of product innovation and exemplary customer service?


Case 4 - Thompson Technology

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Running head: THOMPSON TECHNOLOGY: CASE STUDY

Thompson Technology: Case Study
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Course
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THOMPSON TECHNOLOGY: CASE STUDY

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Thompson Technology: Case Study
Introduction
Compensation refers to the benefits that employees working in an organization gets
entitled to after a period of time. They can opt o get paid weekly, monthly or daily as the
employer sets. It is vital for the employers to ensure that employees get their fair share which
represents the output of the work they put in the organization. It will also go in the way of
rewarding the employees for their participation and hard work to the company. Internal and
external influences impact the compensation of the employees. Internal influences primarily deal
with the organization and its boundaries. The labor unions are also among the internal influences
of the employee compensation. Others are internal equity and the company's culture. The
external factors influencing the employee compensation are the industry trends, labor laws and
markets, inflation, and the economy. From the case study, it is evident that the economy had a
part in their woes financially which led them to reconsider the compensation perks that were
initially high before the 2008 economic recession. The employee compensation and benefits
have four groupings; equity-based compensation, variable pay, benefits, and guaranteed pay. The
guaranteed pay is the right of the employee to get compensation at the end of a period says
hourly, weekly, or monthly. The pay gets determined by the level of the current market
compensation packages that other competitors pay, and the employees’ performance. The
variable pay is a cash reward based on the discretion and the results of employees. They include
the overtime pay, commission and so forth. Benefits are the packages that come with working
such as the life and medical insurance. Equity-based compensation is a compensation plan
derived from the employer’s shares which act as the compensation, Therefore, compensation is a
key el...


Anonymous
Excellent resource! Really helped me get the gist of things.

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