Environmental Effect Of Globalization Essay

1. Three of the environmental influences that an organization face are:

i. Globalization: this may be defined as the integration of firms expanding their sales or manufacturing to new markets as international trade. With globalization there will more competition between firms. Thus, making employees be more productive. However, integration of international markets have led to costs for some companies and as well as it benefits others. Therefore, these are a result of three effects of globalization which are the expanding of markets, cheaper resources or perhaps a mixture of the two. ii. Technology: every organization can have the advantage of technology; reason for this is that technology helps organize the work environment. Once there are

The types of things I would consider when determine how to compensate each position are by marketing information that should be gathered to determine what type of compensation each position should receive. As well as the education level, years of experience and the years of service an employee has with the organization would also impact an employee consideration. Two considerations are: (1) Medical Health Insurance: which may include health, dental, vision or life. This is considered to be the foundation of any benefit program design. However, when considering absenteeism in an organization, most employees knows that health related illness is the most cause. It is an organizations ability to create flexible and generous health coverage for their employee’s compensation package. (2) Retirement Benefits: this can be considered as pension benefits which is arranged by his or her employer to provide its employees with a standardize income when they are no longer earning a salary as their income. However, Social Security falls under this compensation package where there are three (3) types of Social Security Benefits. Which are the familiar retirement benefits which provide an income once an employee is insured under the Social Security Act retires of age 62 and over. The second is the survivor’s or death benefit which provides monthly payments to dependents regardless of the employee’s age or death. Last but not least disability payments which are monthly payments to an employees, his or her dependents if the employees becomes disabled for work and recommend specific work –related