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Organizations make set their accounting policy to strengthen their business and achieve their financial goals all while maintaining a fair appearance to their employees. A company will want to ensure that the employees are satisfied with the level of compensation received as well as have a certain level of satisfaction with the future of their income a final area that the accounting policy of a company must address is the employee’s cost of living for the area that they are employed in. For my company the pay is a little better than average for the area (salary.com) (Scdew.gov). While the pay is a little better than average there are a few factors that make up the methods of setting pay and granting …show more content…

We discuss bonuses, annual raises to salary and how it can affect the company’s annual operating costs. The effects that a company feels as it offers increases and finally the alternatives that can be implemented as an improvement.

The method for awarding and determining the merit is a way to bolster performance and companywide progress reinforcing the individuals desire to do well.. Raises are offered annually to all employees; however in order to gain the most or higher amount offered for yourself one must ensure that they are adhering to company goals and values which parallel and tie into your own objectives. The values are set to drive performance and results in key areas. Normally an employee must display their proficiency in the key performance indicators by way of their actions. Their actions that are considered are that they must maintain a performing rating and excel for a period of almost a full year. The merit is on a pay scale that ranges from a minimum middle and

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