Assignment 1 Compensation Management.docx - COMPENSATION...

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COMPENSATION PRACTICE1Assignment 1: Compensation PracticeJacob Lee BirchStrayer UniversityDr. Anthony JacobCompensation ManagementDue:01/27/2019
COMPENSATION PRACTICE2Assignment 1: Compensation PracticeCompensation plans refers to all the different pieces that go into a package that is offered to employees when they accept employment with a company. There are many different components that make up the actual compensation plan. In this assignment, we are to choose a company that we have always wanted to work for. Then analyze how the employer applies these compensation components and determine if they have a positive or negative affect. Next, we willexamine the ways laws have affected the company. We will determine if there has been a point inwhich the company has come under scrutiny for their business practices when it comes to compensation. Finally, we will determine the effectiveness of their compensation practices. For this assignment I chose to write about Apple. Apple is an American based technology company that was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in 1976. The company has grown into a giant and in 2017 had more than 123,000 full time employees. I have always been interested in Apple because I like what they stand for, and I also have heard that they are an amazing company to work for. In 2011, sadly the founder and CEO of Apple passed away from pancreatic cancer. It was a very sad time for the company. Steve Jobs had been at the forefront of advancement in technology and mad Apple into the corporate giant it is today. He was not only a genius inventor,but he also always ensured the company was a place that promoted its employees to come up with their own ideas. He also developed a company that represented and hired individuals in the top of their career field. Today, the company is run by CEO Tim Cook. After the death of Steve Jobs, the stocks were cut significantly, almost in half, and the shareholders were afraid that the new head of the company would not be able to take Apple to the next step and continue to innovate the way it had
COMPENSATION PRACTICE3under the direction of Steve Jobs. However, after the slump, the stocks have risen once again, and the company is back on track. However, even though most employees are happy with their compensation, investors in the company began to fear as the stocks began to drop. Tim Cook took it upon himself to try and revamp the company and its practices in a way that would bring the company back. Although it seems to have worked, the company struggled more than it ever had with the leadership of Steve Jobs.

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