Remuneration Analysis : Remuneration in a downturn

Running head: REMUNERATION ANALYSIS
REMUNERATION ANALYSIS
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Author Note

1REMUNERATION ANALYSIS
PART 1
The article “Remuneration in a downturn’ talks about how the employees are
remunerated or compensated for their contribution to the workplace or organization. In the
twenty first century where the world is heading towards a congested market structure and a
massive financial depression (recession), almost all the companies are facing downturn and
financial drabness in their business. To address such issues, the twenty first century skill
developers, human resource experts, management researchers and remuneration consultants have
been practicing many innovative ways by which they are able to save the jobs. For instance,
performance based payment to the workers have increased and employee innovation ideas are
considered in the organization solemnly. There has been a complete paradigm shift in the
functioning of human resource management and the HR plans have become more
multidimensional and multifaceted. Therefore, it has to be understood that with the new wave of
industrialization, economy and employability, the corporate houses and other institutions also
have evolved up to a certain extent so that they can tackle the increased competition and
recession. Factors such as employee innovation ideas and performance based remuneration have
provided a democratic and prolific atmosphere to the employees to work and showcase their
talent.
PART 2
The policy statement of Clover’s Remuneration Policy is that the respective policy is
aimed at attracting and holding competencies and skills that would support the generations of
return on investments of shareholders in a manner that preserves the ongoing sustainability of
Clover. The mentioned remuneration policy establishes and upholds practices that are fair,