A-Level Coursework on "Human Resources - External Competitiveness"

A-Level Coursework 4 pages (1894 words) Sources: 4

[EXCERPT] . . . .

The organization also seeks to achieve internal equity by ascertaining the comparative worth of jobs to the specific organization. A very forward-thinking approach to internal equity that moves beyond the-point assignment system is the alignment of employees as "human capital" to the strategies of the organization. By using both external and internal equity systems, an organization is able to take advantage of each system's benefits and achieve a reasonable balance. Starbucks is an example of a successful market-based compensation system while McDonald's is a woeful example of failure in that regard.

Works Cited

Anonymous. (2002, November). Determining base compensation: Should you use market value or internal equity? Retrieved January 19, 2014 from http://search.proquest.com Web site: http://search.proquest.com.ezproxy.trident.edu:2048/docview/216892844

Byars, L.L., & Rue, L.W. (n.d.). Human Resource Management, Ninth Edition, Chapter 13: Base wage and salary systems. Retrieved January 19, 2014 from www.google.com Web site: http://www.google.com/url?sa=t&rct=j&q=byers%20and%20rue%20wage%20and%20salary%20ch.%2013&source=web&cd=1&cad=rja&ved=0CDgQFjAA&url=http%3A%2F%2Fwww.midlandstech.com%2Fbusiness%2Fbcox%2FMGT%2520201%2Fbyars%2520rue%2520ppt%2FChap013.ppt&ei=vLGnUZbbK8HqrQH2

Evans, E.M., & Hansen, A.K. (2010). Starbucks: Continual training - A needs-based analysis of training borrowed and transfer partners. Retrieved January 19, 2014 from www.akhansen.com Web site: http://www.akhansen.com/docs/StarbucksContTraining.pdf

Hale, J., & Bailey, G. (1998, July/August). Seven dimensions of successful reward plans. Retrieved January 19, 2014 from http:..search.proquest.com Web site: http://search.proquest.com.ezproxy.trident.edu:2048/docview/213683914

Hammers, M. (2011, September 7). Starbucks is pleasing employees and pouring profits. Retrieved January 19, 2014 from www.workforce.com Web site: http://www.workforce.com/articles/starbucks-is-pleasing-employees-and-pouring-profits

Patton, L. (2012, December 12). McDonald's $8.25 man and $8.75 million CEO shows pay gap. Retrieved January 19, 2014 from www.bloomburg.com Web site: http://www.bloomberg.com/news/2012-12-12/mcdonald-s-8-25-man-and-8-75-million-ceo-shows-pay-gap.html

Pulakos, E.D. (2004). Performance management: A roadmap for developing, implementing and evaluating performance management systems. Retrieved January 19, 2014 from www.shrm.org Web site: http://www.shrm.org/about/foundation/research/Documents/1104Pulakos.pdf

Starbucks Corporation. (2013). Global human rights statement. Retrieved January 19, 2014 from www.starbucks.com Web site: http://www.starbucks.com/assets/1d7de46ff5f845d89c01a81bebdbdb59.pdf

Starbucks Corporation. (2013). Working at Starbucks. Retrieved January 19, 2014 from www.starbucks.com Web site: http://www.starbucks.com/careers/working-at-starbucks

Visa and McDonald's Corporations. (2014). Practical money skills: Budget journal. Retrieved January 19, 2014 from www.practicalmoneyskills.com Web site: http://www.practicalmoneyskills.com/mcdonalds/budgetJournal/budgetJournal.php READ MORE

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