HR plan 5

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Running head: APPLE’S COMPENSATION SYSTEM

Apple’s Compensation System
Name
Institution
Date

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APPLE’S COMPENSATION SYSTEM

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Overview

Apple Corporation is among the most sought after employers in the United States
because of its great compensation platforms. As previously discussed, the company employs
different pay models in order to match specific requirements of the business, thereby enabling
the company to achieve its goals and objectives. The company achieves this through adjusting its
pay models in such a manner that it drives specific results and outcomes from the performance
standards and the productivity margins of its employees (Chua, 2015). Therefore, it is notable
that the company applies different models in determining its compensation systems, one of these
being the pay for performance compensation model. Apple Inc. is among the leading corporate
institutions that have made a shift to the pay for performance model, which is synonymous for
providing financial rewards for employees who meet and exceed the set performance standards.
Pay for Performance Policies
Employees are accustomed to expect receiving regular increments in their salaries and
wages even if their job role does not change over time. To this end, most companies offer an
automatic annual salary increase for their employees around the time of a performance review,
just as it’s the case with Apple Inc (Chen 2014). Nonetheless, some businesses no longer provide
a raise for their employees for simply showing up for work, but rather increase the salaries and
wa...


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