Compensation Is an Area Within Management of Human Resources

Project-based versus non-project-based organizations

How do compensation practices differ in project-based versus non-project-based organizations for project personnel?

Compensation is an area within management of human resources that entails decision making concerning payment that is equitable competitive and fair as regards with the improving performance through provision of incentives to employees; current rates of the market and ensuring of cost effective benefit packages that motivate employees. Specific guidelines have been established for development of compensation systems for project organization. The basis of compensations in these kinds of organizations is based on job classification, performance appraisals, base pay and merit increases. This is completely different from non-project-based organization due various factors which include job descriptions and classifications, dual reporting and accountability, financial rewards basis and special overtime compensation.

What is the relationship between performance measurement practices and employee compensation and rewards?

Employees' performance doesn't entail the results of the behavior of an employee. Performance of an employee is all about behavior only that is what is done by employees not the outcome of the work employees do. It has been perceived that employees' performance is a representation of the beliefs of an employee generally as a result of behavior and its contribution to the organizational success. Measurement of employees' practices is carried out once every year without necessarily having to give efforts that are continuous in giving coaching and feedback (Howes 2001). Performance management practices are closely related to employees' rewards and compensations. Employees are usually motivated through compensation when there are platforms of financial rewards that are tied to performance directly.

What is a human resource plan? Which enterprise environmental factors influence the development of a human resource plan?

Human resource plan is a properly define classic administrative procedures for human resource together with identification and evaluation of requirements of human resources with a sole intention of achieving the goals of the organization (Walker 1980). It is important that plan is such that it ensures the organization competitive advantage and anticipate the staffing needs.Enterprise environmental factors refer to both external and internal environmental factors of the organization that influence the success of the organization. One of the enterprise factors that affect human resource plan is the culture and structure of the organization. Number of levels of hierarchy in the organization, individuals per each manager and depart mentation fall under organizational structure. Organizational