COMPENSATION AND BENEFITS - HRM Lecture 05

What is equity? Which components make up total reward and based on which factors are these components determined? How does fixed and variable pay work in practice? What are benefits and why are they there? Under which conditions does money impact motivation for performance?

[@Claudia-ur7hq]

Oh my! I feel like I'm enrolled in this class. This is a wealth of information. I recently got a job in HR with limited HR experience. These videos have more than empowered me to undertake my duties. Thank you so much. I am very grateful. I could listen to this professor all day.

[@boakaivafoley4130]

T

[@Gracian40]

I Agree!

[@dorisoghagbon2792]

I AM BENEFITING SO MUCH FROM THIS CLASS. I WOULD LISTEN OVER AND OVER AGAIN TO BE ON TOP OF MY GAME. THANKS A LOT.

[@dhruvishukla4171]

Listening this from Canada , and trust me sir you are best. I am planning for HR EXAMS and your videos are big help . Thank you!

[@ievavilcaka9298]

I think it would be great if your school would consider distance learning programs. Because these videos are really good for that.

[@hgdhklugfcsd]

It's perfectly clear and structured, like it :)

[@JessicaRen]

Hi Professor Trost, you are really great. Even though I've been working as a C&B director for almost 10 years, your lectures still bring insights and higher level thinking to me. It's a pity that I can't order your books from China.

[@lilylee3430]

Thank you professor. These courses are really valuable for me. As a three year experience HR，these videos echo with what I have done in daily work and help me build my knowledge in a systematic way.

[@mulattesfawenyew]

Equity mean according to the theory of equity the effort which is contribute by some one and received as some one perceived based on his/her contribution. but the effort and perceive benefit should balanced unless if there is inequality it will dis satisficed and resulting less commitment and reducing organizational citizenship behavior even employee will resign their job. based on this theory Equal pay for equal work promulgated in HR policy of most public or private organization. pay will be determine based on the complexity and significance of work, performance, similar organization payment standard, success or profitability, and any how you asking very essential question regarding compensation.

[@loveridgedowani]

Lectures in this class are of relevance. Keep doing the good job l really enjoyed, and it's helpful...

[@yvonneboakye-akyeampong6295]

One will never get bored with Prof. lectures. I really appreciate your videos on HRM issues. Good job👏

[@emmabrookes114]

I am finding these lectures very useful just before my exams next week on HRM. Thankyou

[@iamnottito]

Thank you,Prof. Armin Trost for your insightful lecture on compensation and benefits -HRM.I got a wide range of info on the topic.

[@23IceBlue]

Another excellent lecture. I really am finding these so beneficial and I sincerely thank you for taking the time to record, edit and upload these. Your knowledge of HR is second to none. I just wish I could get past how much of a lookalike you are for English footballer John Terry lol

[@placementscmrit692]

Sir i have really got deep insights about the topics and have become your fan now. Thank you so much for all these impactful sessions on HRM or in your words Human Capital Management.

[@gegene96]

I want to take his class. I’d travel the distance just to attend his classes or seminar if there’s still any til this day.

[@eugineaugustinedsouza9307]

Dear Prof Trost, Thank you professor for a wonderful session its quite informative and with practical and scenarios full of theory and practical application. I have gone through your many lectures on your channel they are very very useful and quite power packed with the theory and practice.

[@kaimeguro1024]

This professor is good ! I m watching this video on 2021 but most of the guideline and framework still valid

[@debosbrabander-rayroovers2763]

Please explain again why high risk jobs are rated in the Problem solving skills according to the Hay system?

[@pawanpatel9311]

sir, i liked your lectures.its simple, easy and the most i loved is there is no language barrier for me. thanks a lot.......

[@jameskiawu4210]

Thanks Professor. I really appreciate your videos on HRM issues. IrepLiberia🇱🇷

[@francisoladele5898]

Wonderful lectures very explicit and straight to the point

[@ahmadtasalniaz404]

Dear sir I just wanted this that your lecturers are erratic and disorganized according to each lecture please if you set this up that will be your honor

[@farmasinajahhr7093]

This is totally help me as im in this area now.. thank you

[@marivant9245]

Excellent content! Thank you for sharing this beneficial lecture. 🥰

[@aurangzebmughal9535]

THANKS SIR FOR GIVING US NICE CONCEPTUAL AND APPLIED KNOWLEDGE. GOD BLESS YOU

[@ousok2508]

Thank you Mr. Trost. This Lecture is very helpful for me.

[@khizerfarooq559]

Amazing.. Very good teacher. simply love him

[@shwetanehru8168]

Just loved it.. Such an interactive session :)

[@kwabenaadomakoadjapong7859]

Thanks, Professor. I wish i had come across your videos years ago

[@liviaanastasiu9345]

Thanks for the wonderful presentation. If you analyze your career (past and future), you could be an actor, too. But what is a teacher than an actor on a stage, willing to convince the audience? Congratulations. My question is: shouldn`t you compare two jobs of a particular organization. Is this relevant (and valid, lol) to compare a policeman and a dentist?

[@lukaszlewczuk9725]

Thank you very much for this tutorial. Very rich in informations and benefit for my compréhension.

[@BetoAlvesRocha]

One more subscriber! Thanks for the lesson, professor!

[@merzlo]

Hi Armin, thank your for this great video!

[@luma83840]

Love it and please I need a lecture about Manpower planning :) Regards

[@l4lintl608]

Ok um, first I want to give respect to you Prof. for these videos. I am a recent maters graduate in I-O psy and looking for work. I have to be honest and say I always hated my ethics classes for I feel they are a joke. Most of the world is corrupt and certain powers at hand like it to stay that way but when you go to college they teach the opposite which is confusing. For example I live in USA and our CEO/President is Donald Trump. He spends most his time playing golf and starting tweet wars but he is a billionaire. People in high position get paid the most but do the least. My question is how would you tell upper manage to take a pay cut because they under perform?

[@Navsardian]

Very good and practical lecture. Thank you so very much !

[@ianlucero4508]

Thank u Sir. Valuable information!

[@khizerquraishy3440]

Great teacher

[@thhhuyen8424]

Hi teacher, I'm expecting a video talking about the way bubget salary management, can you talk about this case? tks

[@debasbader6484]

V. Good information!

[@nayomisamarathunga1226]

I appreciate you lecture.thank you so much prof.

[@ЕленаВойцеховская-б1ш]

Very useful lectures, thank for your great job!!!!!!

[@rithtola9557]

Mr trost could you put the subtitles on the video of the lecture 5 (compensation and Benefit)????

[@almeiskhamis9558]

Is good information in HR...

[@blastechmediabusiness8714]

Doctoral. Pretty steady..

[@davidjkelly1971]

Great lecture. Thanks!

[@lialex22]

Excellent information

[@AraktimSaikia]

Hello Sir, I really love the way you explained the concept of C&B. With due permission, I would like to use your concepts to make a presentation for my HR group. Also, I would be happy to share it with you.

[@armintrost7406]

Go ahead!

[@AraktimSaikia]

@@armintrost7406 Thank you.

[@agustinabenson6523]

awesome thanks for sharing!

[@dansekoba]

Hello Prof, how do we get your slides. I enjoy your lectures.

[@timothlugano8479]

Good lecture...

[@lovingwifeofMan]

dear professor thanks a lot it seriously helping us to learn more about HRM components. want to get connected from extra pages too. may I ??

[@nirupamasharma4389]

This lecture has helped me a lot...do you have this course in detail on some platform like Coursera or something? I need to learn HR concepts especially Comp and Ben....thanks a lot!!

[@thugmallu291]

Nirupama Sharma i am looking for the same. Could you find it from anywhere?

[@jeelpatel1341]

Sir i think you should write books regarding human resource management...

[@bhasarnunu4294]

You are god!

[@runyashrun]

nice dressing Sir!!

[@somashekars2774]

Please do much more videos on HRM

[@niatwalikhan1192]

Love it indeed!

[@olivenethomas4042]

Interesting, but you skirted around the issue of the comparison of jobs on your Hay analysis. I think that you under estimated the policeman. Beyond this, you haven't dealt adequately with the pay that people receive and the work that they do in cases like a policeman or teacher versus an athlete or entertainer.

[@KarandeepSingh-kr3cf]

you have so much knowledge may I know how may girlfriends do you have

[@zamazaidi6903]

Hi noble morning professor... Kindly guide me to be master of hrm from the fundamental knowledge to expert level....

[@aisharifah3720]

Which course do we have to take to learn this?

[@JeanRomainMichaux]

Who are the entrepreneurs he talks about at 1:51:13 ?

[@merciadios5113]

Thank you so much sir!!!

[@anar9829]

Please we need book with your presentation))))

[@armintrost7406]

You'll find my slides here: armintrost.de/en/lehrer/my-slides-for-download/

[@alimohammed-wr3yg]

Being greatfull to Dr bastin is the best thing that has ever happened to me and I pray and I hope you find what your heart desires just as you have put a smile on many of our face with just your hands and herbal’s More grace to you work doctor thanks so much for the medication,it did fight the virus and nailed it

[@anilmahanthi6883]

Thank you

[@za99live46]

ممتاز

[@khmengkhmertv5597]

Why it no sound? Hmmm 🙄💔

[@primoz.benedicto3572]

👍🏽👍🏽👍🏽👍🏽

[@mohamedhamada2614]

can we get the translation for this video

[@mostafashafik8596]

about subtitle . i need it

[@Fudoobeer]

awesome content, but the pace is slow, i'm watching on x1.25speed

[@kwabenaadomakoadjapong7859]

:) i believe he wants the relatively slow learners to benefit :)

[@ramoap1]

Ref student question at min 46, on where do "danger" is factored in the payscale and the answer that's imcluded in the "problem solving skills"

[@ramoap1]

Perhaps the answer should be "that's factored in additional allowances, such as " danger" allowance and not necessarile in the paygrade of the post

[@nikenmeikacahyani1109]

can you please give subtitles in this video

[@nhathuytran2914]

hope you have subtitles

[@HAMAD_ALMAZROUEI]

May I ask - YOU - a question?

[@SophyTiffany-r7g]

Williams Eric White Susan Garcia Melissa

[@amranhafiz9261]

Really good braderr Stay halal

[@stanleychrestien5238]

pay survey 36.53

[@goldilockszone4389]

To make learning more effective lecture should be restricted to 10 mins and Practice should be done for 20 mins - break for another 15 mins and then recap for 10 mins - 5 min free

[@blastechmediabusiness8714]

Wow..

[@lialex22]

iii

[@danielpratamaginting9893]

Subtitel anj

[@lasseelectronics8914]

1:59:25 shut up girl. Everyone knows that. Rule of depreciation.

[@GloriaParrot]

HR, the department where socio paths go to rule the world

[@soniadhaliwal6196]

I'd say that more with politicians. HR is pretty ok in comparison.

[@ProvokedTomcat]

Nurses make a ton of money. Hair stylists, not so much haha. Did this not age well? The concepts and examples in this lecture are fantastic otherwise!

[@basumaih]

Thank you, Mr. Trost. they are very helpful lectures. I am working now in HR department while my background is management information system.So, I found this lessons very helpful to improve my knowledge about HR to conduct my routine tasks more professional. especially, when I've learned about tools and techniques to manage the HR.

[@paulabrown9305]

Hi Armin Thank you so much for sharing these lectures - it's very generous of you and so very beneficial. I have may years experience as a senior HR professional but I'm still getting lots from your lecture. Considering you spent over 2 hours on the subject of comps and bens I can understand why you haven't gone into too much detail on the specific job roles you were evaluating. I think the salient points were made - students now have the base knowledge with which to do further research if required.

[@andreagrace38]

I appreciate your lectures! It makes studying much much easier.

[@johnrainsman6650]

I once this compensation joke about a manager, at my brother's wedding reception. A banquet manager angrily reprimands one of her caterers, for signing up for a shift by himself (and she was pretty critical and condescending). The caterer says, "You know, I'm beginning to see why you manage so many wedding receptions. Personal compensation, huh?" I don't get it. I don't _think_ it's the business/monetary definition of "compensation." That's all I can get out of the joke. So what did _he_ mean?

[@keishakellman-martin5381]

Great question the risk factor should have been considered and that does not fall under problem solving Prof. However I am enjoying the lecture

[@thisis_Hemn]

Prof. Armin Trost is by far one of the most excellent HR lecturers Ive ever listened to. These lecturers are gold, I have never listened to a class so attentively on KZbin. I am watching these lecturers like my life depends on it xd. Really amazing and thank you sir for the excellent way of teaching.

[@queenyaabae3495]

I didn't get bored. Nice

[@clarisng6636]

Now this is my favorite channel!

[@sirEricrisTV]

This is what i needed now. Just want to know, Do you have free seminars relative to this topic or any HRM topics that issue certifcates to the participants?

[@marwafawzy3688]

So beneficial,thank you sooooo much .

[@Pankaj-Verma-]

That was very helpful, thanks.

[@KurniaHerru]

Much appreciated and thank you Prof

[@CarolBailey100]

Love these lectures, very useful to my studies. Does anyone else think Prof Trost looks like a young Frank Sinatra? Probably just me.

[@ChUch123]

Not only you☺️ You are correct about the Sinatra look 👌

[@PanjuTorials]

Great lesson. Thanks for it. Though I must say, I found the first part much more interesting than the second one.

[@omidkhan1247]

thanks you so much sir your doing wonderful love from Afghanistan