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HRMT20024 Managing Diversity And Work-life Balance

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Question:

List the major decision areas and concepts in employee compensation management

  • Describe the major administrative tools used to manage employee compensation
  • Explain the importance of competitive labour market and product-market forces in compensation decisions
  • Discuss the significance of process issues such as communication in compensation management
  • Describe new developments in the design of pay structures
  • Explain the reasons for the controversy over executive pay

Describe the regulatory framework for pay in Australia

  • Describe the way the rewards of managers and executives can be tied to company performance
  • Discuss the influences of rewards on employees and describe three theories that explain the dynamics of performance-related rewards
  • Identify and describe a number of performancerelated reward programs
  • Describe the advantages and disadvantages of performance-based reward programs
  • Describe the way incentive plans can be integrated with a balanced scorecard

Describe the differences between diversity management and equal employment opportunity

  • Discuss the role of diversity management for organisational performance
  • Identify initiatives that can be used to manage diversity
  • Identify challenges facing the development and implementation of initiatives to manage diversity
  • Describe key features of a work–life balance program
  • Identify the costs and benefits of implementing policies that assist employees to manage their work and nonwork

Diversity includes everyone; it is not defined by race or gender. It extends to age, personal and corporate background, education, function and personality. It includes lifestyle, sexual preference, geographic origin, tenure with the organisation, exempt or non-exempt status, and whether one is management or non-management

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My Assignment Help. Managing Diversity And Work-life Balance [Internet]. My Assignment Help. 2021 [cited 16 April 2021]. Available from: https://myassignmenthelp.com/free-samples/hrmt20024-managing-diversity-and-work-life-balance/agriculture-sector-stakeholders-and-citizens.html.


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