The Challenges and Trends in Compensation in the Public...

Introduction The purpose of this research paper is to review the challenges and trends in compensation in the public sector from an interdisciplinary view of local, state, and federal agencies human resources. Public sector human resource management continues to experience many challenges in the ever-changing workforce. Through the phases of the employee life cycle, human resource managers are required to keep compensation to the forefront in forming a strategic organization. Of those challenges, budget cuts, which affect pension plans, and tenure, are some of the areas of concern for human resources amongst government agencies. The nature of work public agencies provide, makes it imperative that policies and procedures are defined and†¦show more content†¦Steps can be taken to manage budget cuts without impeding pension package in government agencies. One step is to provide both defined benefit and defined contribution packages. Define benefit package, while generally more costly to the government agency, provides a comprehensive amount of benefits in a short period of time (irs.gov, 2013). This plan, in the public sector, is paid after the employee retires. This plan is generally the more known and accepted plan for employees to select this package. Defined contribution packages, on the other hand, are set up so that the employee can contribute to their pension plan and have the freedom to invest a vested amount into mutual funds. The government will also contribute a percentage in this case but it is a joint effort. Allowing for different option make the employee feel they have a better opportunity to invest their earnings base don their own wishes rather then limited to one choice. Tenure In the public sector tenure is what most decisions to promote or give merit are based upon. Employees who have more years in service tend to be the first considered for a merit increase. While this has been the general practice of the public sector, the newer performance based model uses productivity and performance as the measurement tool. This new approach is becoming more and more common in the workforce. The programs used in the government workShow MoreRelatedAn Evaluation Of A Structured Executive Compensation Package1612 Words   |  7 Pagesstructured executive compensation package is to engage, retain, and motivate CEOs and senior management. When it comes to attracting the best senior talent, having the right compensation strategy can make the difference between success and failure. Knowing what strategies work, and those that don’t, is a vital part of any senior recruitment strategy. 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The Impact Of Globalization On Our Lives - 1060 Words

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Tamburlaine The Great, Part Two †A Monologue From The Play By Christopher Marlowe Essay Research Paper Example For Students

Tamburlaine The Great, Part Two – A Monologue From The Play By Christopher Marlowe Essay Research Paper A monologue from the play by Christopher Marlowe NOTE: This monologue is reprinted from Masterpieces of the English Drama. Ed. William Lyon Phelps. New York: American Book Company, 1912. CALLAPINE: Thrice-worthy kings, of Natolia and the rest, I will requite your royal gratitudes With all the benefits my empire yields; And, were the sinews of th imperial seat So knit and strengthend as when Bajazeth, My royal lord and father, filld the throne, Whose cursed fate hath so dismemberd it, Then should you see this thief of Scythia, This proud usurping king of Persia, Do us such honour and supremacy, Bearing the vengeance of our fathers wrongs, As all the world should blot his dignities Out of the book of base-born infamies. And now I doubt not but your royal cares Have so provided for this cursed foe, That, since the heir of mighty Bajazeth (An emperor so honourd for his virtues) Revives the spirits of all true Turkish hearts, In grievous memory of his fathers shame, We shall not need to nourish any doubt, But that proud Fortune, who hath followd long The martial sword of mighty Tamburlaine, Will now retain her old inconstancy, And raise our honours to as high a pitch, In this our strong and fortunate encounter; For so hath heaven provided my escape From all the cruelty my soul sustaind, By this my friendly keepers happy means, That Jove, surchargd with pity of our wrongs, Will pour it down in showers on our heads, Scourging the pride of cursed Tamburlaine.