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?

Пікірлер: 145

  • @Claudia-ur7hq
    @Claudia-ur7hq5 жыл бұрын

    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

    @boakaivafoley4130

    2 жыл бұрын

    T

  • @Gracian40

    @Gracian40

    9 ай бұрын

    I Agree!

  • @gegene96
    @gegene964 жыл бұрын

    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.

  • @dorisoghagbon2792
    @dorisoghagbon27924 жыл бұрын

    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.

  • @mulattesfawenyew
    @mulattesfawenyew2 жыл бұрын

    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.

  • @paulabrown9305
    @paulabrown930510 жыл бұрын

    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.

  • @basumaih
    @basumaih7 жыл бұрын

    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.

  • @ievavilcaka9298
    @ievavilcaka929810 жыл бұрын

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

  • @hgdhklugfcsd

    @hgdhklugfcsd

    3 жыл бұрын

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

  • @dhruvishukla4171
    @dhruvishukla41713 ай бұрын

    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!

  • @clarisng6636
    @clarisng66362 жыл бұрын

    Now this is my favorite channel!

  • @JessicaRen
    @JessicaRen Жыл бұрын

    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.

  • @thisis_Hemn
    @thisis_Hemn2 жыл бұрын

    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 KZread. I am watching these lecturers like my life depends on it xd. Really amazing and thank you sir for the excellent way of teaching.

  • @andreagrace38
    @andreagrace389 жыл бұрын

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

  • @emmabrookes114
    @emmabrookes1149 жыл бұрын

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

  • @lilylee3430
    @lilylee34302 жыл бұрын

    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.

  • @23IceBlue
    @23IceBlue7 жыл бұрын

    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

  • @yvonneboakye-akyeampong6295
    @yvonneboakye-akyeampong6295 Жыл бұрын

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

  • @corniliousdzimiri2351
    @corniliousdzimiri2351 Жыл бұрын

    Amazing! Prof is amazing. His skill keeps you engaged, I felt like was in the class. Thank you

  • @placementscmrit692
    @placementscmrit6928 жыл бұрын

    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.

  • @iamnottito
    @iamnottito Жыл бұрын

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

  • @ousok2508
    @ousok25087 жыл бұрын

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

  • @shwetanehru8168
    @shwetanehru81688 жыл бұрын

    Just loved it.. Such an interactive session :)

  • @user-oj7hq8rw4m
    @user-oj7hq8rw4m3 ай бұрын

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

  • @pawanpatel9311
    @pawanpatel93119 жыл бұрын

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

  • @kaimeguro1024
    @kaimeguro10243 жыл бұрын

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

  • @eugineaugustinedsouza9307
    @eugineaugustinedsouza93073 жыл бұрын

    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.

  • @debasbader6484
    @debasbader648410 жыл бұрын

    V. Good information!

  • @khizerfarooq559
    @khizerfarooq5595 жыл бұрын

    Amazing.. Very good teacher. simply love him

  • @girabolhoseia
    @girabolhoseia7 жыл бұрын

    Thank you so much for providing tools to make us better. The rest is up to us. Kind Regards Paul

  • @jameskiawu4210
    @jameskiawu42105 жыл бұрын

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

  • @KurniaHerru
    @KurniaHerru10 жыл бұрын

    Much appreciated and thank you Prof

  • @kwabenaadomakoadjapong7859
    @kwabenaadomakoadjapong78598 жыл бұрын

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

  • @biraucatalin4126
    @biraucatalin41267 жыл бұрын

    Very good presentation. Thank you, professor, all best.

  • @eugineaugustinedsouza9307
    @eugineaugustinedsouza93073 жыл бұрын

    Dr Armin very interesting and good lecture. the pace the lecture can more information and slides with details of theory. I found your lectures to be power packed and can be still better include more power point slides and content. I am preparing for the SHRM SCP and done by HR programme and your lectures helped a lot. Thanks a ton keep uploading more lectures on culture and diversity etc other topics like global and international HRM etc.

  • @CarolBailey100
    @CarolBailey1008 жыл бұрын

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

  • @ChUch123

    @ChUch123

    4 жыл бұрын

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

  • @merzlo
    @merzlo8 жыл бұрын

    Hi Armin, thank your for this great video!

  • @lukaszlewczuk9725
    @lukaszlewczuk97258 жыл бұрын

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

  • @BetoAlvesRocha
    @BetoAlvesRocha4 жыл бұрын

    One more subscriber! Thanks for the lesson, professor!

  • @marivant9245
    @marivant92452 жыл бұрын

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

  • @user-hm7iw1kf9p
    @user-hm7iw1kf9p9 жыл бұрын

    Bigining i thought that he is not fit to be HR, But now i think he is great Prof, thanks for these lessones, i took PHR for USA but these more interesting ....

  • @PanjuTorials
    @PanjuTorials9 жыл бұрын

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

  • @johnelle3196
    @johnelle31964 жыл бұрын

    First time watching your videos and by far is the best one I’ve had ever watched. Greetings from Puerto Rico!

  • @ailenegaboferriol8243
    @ailenegaboferriol82434 жыл бұрын

    Thank you for this video. I have learned a lot. God bless Prof.

  • @aurangzebmughal9535
    @aurangzebmughal95354 жыл бұрын

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

  • @Pankaj-Verma-
    @Pankaj-Verma-5 ай бұрын

    That was very helpful, thanks.

  • @francisoladele5898
    @francisoladele58982 жыл бұрын

    Wonderful lectures very explicit and straight to the point

  • @Navsardian
    @Navsardian8 жыл бұрын

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

  • @ianlucero4508
    @ianlucero45089 ай бұрын

    Thank u Sir. Valuable information!

  • @niatwalikhan1192
    @niatwalikhan11928 жыл бұрын

    Love it indeed!

  • @nayomisamarathunga1226
    @nayomisamarathunga12265 жыл бұрын

    I appreciate you lecture.thank you so much prof.

  • @luma83840
    @luma8384010 жыл бұрын

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

  • @almeiskhamis9558
    @almeiskhamis95588 жыл бұрын

    Is good information in HR...

  • @naveedshahzad3190
    @naveedshahzad31906 жыл бұрын

    you are a great teacher Armin

  • @marwafawzy3688
    @marwafawzy368810 ай бұрын

    So beneficial,thank you sooooo much .

  • @mohamedshiraf2855
    @mohamedshiraf28554 жыл бұрын

    Thank you so much sir. Your lectures are very helpful. Also very interesting.

  • @agustinabenson6523
    @agustinabenson65236 жыл бұрын

    awesome thanks for sharing!

  • @lialex22
    @lialex228 жыл бұрын

    Excellent information

  • @keishakellman-martin5381
    @keishakellman-martin5381 Жыл бұрын

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

  • @timothlugano8479
    @timothlugano84797 жыл бұрын

    Good lecture...

  • @shahrukhdaud7989
    @shahrukhdaud7989 Жыл бұрын

    👍👍

  • @user-hm8ss1up5c
    @user-hm8ss1up5c8 жыл бұрын

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

  • @davidjkelly1971
    @davidjkelly197110 жыл бұрын

    Great lecture. Thanks!

  • @farmasinajahhr7093
    @farmasinajahhr70933 жыл бұрын

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

  • @blastechmediabusiness8714
    @blastechmediabusiness87149 жыл бұрын

    Doctoral. Pretty steady..

  • @ibabyjaiteh6223
    @ibabyjaiteh62232 жыл бұрын

    I found this lecture very helpful and useful

  • @queenyaabae3495
    @queenyaabae34952 жыл бұрын

    I didn't get bored. Nice

  • @khizerquraishy3440
    @khizerquraishy34403 жыл бұрын

    Great teacher

  • @runyashrun
    @runyashrun10 жыл бұрын

    nice dressing Sir!!

  • @omidkhan1247
    @omidkhan12473 жыл бұрын

    thanks you so much sir your doing wonderful love from Afghanistan

  • @ahmadtasalniaz404
    @ahmadtasalniaz4044 жыл бұрын

    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

  • @debosbrabander-rayroovers2763
    @debosbrabander-rayroovers27632 жыл бұрын

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

  • @liviaanastasiu9345
    @liviaanastasiu93456 жыл бұрын

    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?

  • @somashekars2774
    @somashekars27745 жыл бұрын

    Please do much more videos on HRM

  • @rithtola9557
    @rithtola95577 жыл бұрын

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

  • @sairaalisa8460
    @sairaalisa84604 жыл бұрын

    You >>> my professor

  • @thhhuyen8424
    @thhhuyen84244 жыл бұрын

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

  • @merciadios5113
    @merciadios51132 жыл бұрын

    Thank you so much sir!!!

  • @johnrainsman6650
    @johnrainsman665011 ай бұрын

    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?

  • @sirEricrisTV
    @sirEricrisTV3 жыл бұрын

    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?

  • @l4lintl608
    @l4lintl6085 жыл бұрын

    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?

  • @anilmahanthi6883
    @anilmahanthi68834 жыл бұрын

    Thank you

  • @lovingwifeofMan
    @lovingwifeofMan5 жыл бұрын

    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 ??

  • @Anoopparihar1
    @Anoopparihar14 жыл бұрын

    What is internal equity and external equity as per you and what are the uses in total rewards?

  • @bhasarnunu4294
    @bhasarnunu42942 жыл бұрын

    You are god!

  • @muhannadalhussian9999
    @muhannadalhussian99995 жыл бұрын

    Hi professor Trost plz i need ideas to improve or add new thing to H R M Dept

  • @nhathuytran2914
    @nhathuytran29144 жыл бұрын

    hope you have subtitles

  • @primoz.benedicto3572
    @primoz.benedicto35723 жыл бұрын

    👍🏽👍🏽👍🏽👍🏽

  • @KarandeepSingh-kr3cf
    @KarandeepSingh-kr3cf4 жыл бұрын

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

  • @dansekoba
    @dansekoba Жыл бұрын

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

  • @AraktimSaikia
    @AraktimSaikia3 жыл бұрын

    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

    @armintrost7406

    3 жыл бұрын

    Go ahead!

  • @AraktimSaikia

    @AraktimSaikia

    3 жыл бұрын

    @@armintrost7406 Thank you.

  • @JeanRomainMichaux
    @JeanRomainMichaux9 жыл бұрын

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

  • @za99live46
    @za99live464 жыл бұрын

    ممتاز

  • @nirupamasharma4389
    @nirupamasharma43894 жыл бұрын

    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

    @thugmallu291

    4 жыл бұрын

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

  • @terranowa2080
    @terranowa20804 жыл бұрын

    Every job in the world deserves equal pay, only incompetent people expect more because they are not good enough for the job and put an extra effort to do the job , the only motivation should be recognition.

  • @thugmallu291

    @thugmallu291

    4 жыл бұрын

    Dude he isn’t an Indian

  • @thugmallu291

    @thugmallu291

    4 жыл бұрын

    terranowa so the lazy guy and the hardworking guy gets the same pay?

  • @terranowa2080

    @terranowa2080

    4 жыл бұрын

    @@thugmallu291 if you think you are working too hard maybe you don't like your work , only lazy people think it's hard work, successful people enjoy their work ,if a person is not doing his work the employer will fire them.

  • @terranowa2080

    @terranowa2080

    4 жыл бұрын

    @@thugmallu291 he is not an African .

  • @LizAchmad
    @LizAchmad5 жыл бұрын

    handsome and smart at the same time.

  • @aisharifah3720
    @aisharifah37204 жыл бұрын

    Which course do we have to take to learn this?

  • @jeelpatel1341
    @jeelpatel13412 жыл бұрын

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

  • @zamazaidi6903
    @zamazaidi69034 жыл бұрын

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

  • @thusspokezarathustra5179
    @thusspokezarathustra51796 жыл бұрын

    But what is about the wage gap?

  • @olivenethomas4042
    @olivenethomas404210 жыл бұрын

    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.

  • @anar9829
    @anar98294 жыл бұрын

    Please we need book with your presentation))))

  • @armintrost7406

    @armintrost7406

    4 жыл бұрын

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