Levels Of Pay Within Premier Conferencing example essay topic

Basis For Compensation Premier Conferencing basis for compensation is based on individual, team / organizational efforts. Premier's associates are their greatest assets and they work collaboratively to achieve a rare degree of success to satisfy their client's unique needs. In doing this, Premier's employees work hard at their jobs to provide outstanding service to their customers, therefore received above average pay, both individual, team players, and organizational. It's great that Premier Conferencing emphasizes on having fun in the workplace while being productive and successful in increase sales and commissions.

With Premier's policy on promoting from within, this gives each associate terrific opportunities for advancement, including offering unique programs and ongoing training and development efforts geared toward personal, professional, and salary growth. Moreover, Premier considers customer service the "key" to success. They strive to offer "Premier" customer service, however, before they can ensure 100% customer satisfaction, Premier has to focus on its V.I. P clients-their associates (Premier Conferencing, 2002). Premier Conferencing knows that a happy associate is a productive associate, so Premier offers incentives and perks that not only reward their employees for supporting their companies vision, mission, and core values, but challenges that all the employees face. What type of compensation does Premier Conferencing offer? Premier offers what's call "Bonus Bucks", theses bucks are awarded for individual efficiency, superior performance, exuberant customer service, positive client feedback, and many other displays of going above the call of duty.

These Bonus Bucks are redeemable for gift certificates from area business. The places where associate can redeem their "Bonus Bucks" were gathered through associate surveys. This popular program was introduced in 1995 (Premier Conferencing, 2002). Furthermore, for individual compensation, associates who receive internal written recognition for upholding the company's "Core Values" by going above and beyond get a chance to spin the "Wheel of Premiere". Every other week, the team gathers the names of associates who have received compliments and determines why these associates were recognized. From that group, names are drawn randomly and read aloud.

Those selected get a chance to spin the wheel and win prizes, such as movie tickets, dinner for two, Premiere Conferencing gear, cash, or the mystery prize. Compensation for teams or the organization, Premier celebrates milestones within the company as a group. When Premiere Conferencing reaches a milestone, such as achieving a company-wide objective, or breaking a company record, associates are rewarded for the team effort. In the past, associates have received embroidered blankets, fleece jackets, t-shirts, hats, coffee mugs, and now most current, bonuses. Moreover, when a department meets an objective or deserves special recognition for an achievement, Premier rewards that department with a catered lunch or theme day.

Recent examples include an Operations Cinco de Mayo theme, with chips and salsa, pi~nat as and virgin margaritas, and a Client Services "Backyard Barbecue" day (Premier Conferencing, 2002). Levels of Pay Within Premier Conferencing there are many levels of employment. Given the levels of employment there are different levels of pay and the relationships to pay. The job classification of Conference Support Specialist is a position that is considered non-exempt, paid on an hourly basis, and receives overtime compensation at one and one-half times their base pay for all hours worked in excess of some standard threshold.

In most cases this "threshold" is 40 hours, but that is not always the case. Dividing the annual salary by 2080 will give the base hourly amount. As far as the Team Lead is concerned, by definition of law this position is considered exempt. Exempt employees are paid on a salary based on his or her job duties. Salary based associates means that payment of an equal amount every pay period no matter how many or how few hours are worked, as well as compensation not being subject to reduction on the basis of quantity or quality.

By this definition an associates can expect to receive a guaranteed minimum amount of pay each pay period. If an employee works a minimum of one hour during a work period the employee should receive the full amount of the guaranteed minimum payment. These job duties would include high-level managers, administrative or professional positions. Reference Premier Conferencing.

(2002). Retrieved from the World Wide Web on July 18, 2002. web.