Compare and Contrast the principle difference between the executive pay and non-executive pay, comprising a discussion on controversies related with the growing disparity between executive and non-executive compensation packages.
Contingent Workers: Contingent workers are supposing a greater role in nowadays organization. With that as a background, describe compensation and benefit issues related with the given workers: part-time, temporary, independent workers, and flexible or telecommuting. What impact might these changes have on an organization's compensation plan?
Compensation Philosophy: In a 3 to 5 page paper, outline the present compensation philosophy for your organization. Assess this present philosophy and propose ways to improve or revamp the current compensation philosophy to meet up the changing requirements of the organization and its employees. Recognize key factors in the internal and external environment comprising the mission and strategic focus of the organization, and also the financial and cultural aspects of your organization (that is, you can't have a compensation philosophy where you 'lead' the market if your organization doesn't have the financial resources) which must affect this philosophy. The proposed philosophy itself must be no more than a short paragraph.