Employees’ perceptions toward compensation packages: a case study of Verity
Employee retention is one of the major problems that affect businesses. It has been estimated, for example, that IT firms’ employee turnover rates are as high as 15 percent (Dixon, 2016). Organizations must employ effective strategies to manage employee turnover.
Leu, Deborah, 2021
Art der Arbeit Bachelor Thesis
Auftraggebende Verity AG
Betreuende Dozierende Lüthi, Erhard
Keywords Compensation, Total Reward Management
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A Zurich-based drone manufacturer aspires to be a leader in its industry. To achieve the objective, the firm must attract, recruit, and attract the best talent in the labour market. Available research has shown that compensation is one of the most effective strategies that firms can use to attract and retain quality talent (Michael, Prince, & Chacko, 2016; Adeosun & Ohiani, 2020). To improve its compensation strategy, the firm should first identify any deficits in its compensation packages.
Online interviews and focus group discussions (FGD) were used in gathering data. The study’s participants included 13 employees who were recruited using purposive sampling techniques. An interview guide was used to steer the interviews and FGD. The guide consisted of eight questions that evaluated respondents’ perceptions and satisfaction with the firm’s salaries, salary developments, pay fairness, pay transparency, and pay communication. It also investigated respondents’ opinions about the strategies that can be employed to improve the company’s compensation packages.
Online interviews and focus group discussions (FGD) were used in gathering data. The study’s participants included 13 employees who were recruited using purposive sampling techniques. An interview guide was used to steer the interviews and FGD. The guide consisted of eight questions that evaluated respondents’ perceptions and satisfaction with the firm’s salaries, salary developments, pay fairness, pay transparency, and pay communication. It also investigated respondents’ opinions about the strategies that can be employed to improve the company’s compensation packages.
Studiengang: Business Administration International Management (Bachelor)
Vertraulichkeit: vertraulich