Apprasial and Compensation

Essay by pepsiann2000University, Bachelor'sA+, July 2010

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Appraisal & Compensation Relationship � PAGE \* MERGEFORMAT �7� Running head: APPRAISAL & COMPENSATION RELATIONSHIP

Appraisal & Compensation Relationship

Patricia Bernard

HRM 424- Compensation

Barbarann Ott

April 12, 010

CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.

Student's signature (name typed here is equivalent to a signature): ____Patricia Bernard______________________

Appraisal & Compensation Relationship

Many organizations in today's business world implement performance appraisal systems into their human resources management teams. The use of performance appraisals helps determine the selection of candidates for an organization's, training, compensation, and employee development benefits. This paper is intended to analyze the performance evaluation system used by Baker Hughes. An explanation between performance management and compensation within the organization will be addressed. Recommendations to improve the relationship between Baker Hughes' performance evaluation system and its total compensation system will also be discussed. An explanation of how compensation is administered jointly by human resources and managers in the organization will be analyzed. The paper will conclude with answers to the following questions. How often are pay raises given? Which employees are eligible? How frequently is formal...