Judy Nadler The Majority and Minority leadership of the state House and Senate c

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Judy Nadler The Majority and Minority leadership of the state House and Senate convened for breakfast to diseuss a solution to the absolute impasse which had developed in the state budget process Coming to agreement on the budgot has never been easy, but this year was provingto be impossible. The two legislators leading the debate had very different views of how to close the state's $5 billion gap. Key areas of concern included a state retirement system that is under-funded insufficient highway funds to cover improvements to roads and bridges crumblingpublic buildings due to delayed maintenance funding shortfalls for mandated educationprogams · higher costs for social services and . &burgeoningprison; population. governor encouraged compromise and collaboration, roughly equal numbers of While the or Representative Curt Mayer. Senator Jones, a former county finance director with strong ties to local government, was slators were lining up to support the proposals made by either Semator Margie Jones concerned about the impact of the proposedcuts in services in combination with various unfunded state mandates.Her financial background also made her wary of the long-term impact of the debt and the state IOU's, arguing the state could not afford to risk its bond ratings Her objections te many of the ideas for balancing the budget wele that they affordaone time fix" that will only force the debt onto future generations. "Without real fiscal refom we will continue to leave the bill to our children or to turn to the state lottery and gaming casinos to get us out of this mess. We might as well run a bake sale. We need to fix the broken system, andthat will include raising taxes as well as monitoring spending Argaing the alternate view was Representative Mayer, who owned several car dealers hips before his election. "Iran on fiscal responsibility, and that is what the voters want,"he said in a letter to the editor. "The citizens have no stomach formore taxes. Individuals in our state have learned to cut back their expenses, and it's time for the government to de the same." While both agreed there might be some savings found by consolidating state agencies and puttinga freeze on new hires, their approaches were quite different. "Raising taxes will drive away business and stifle economic development," said Representative Maye The

Explanation / Answer

Some of the key objectives for compensation are as below:

1. The compensation should be paid to each employee on the basis of their abilities and training. Compensation policy should be crafted and make transparent across organization so that no discrimination can take place. Compensation should be flexible, clear and not be excessive

2. Compensation policy should be such that it motivates the employees towards increasing productivity. It increase the level of motivation and job satisfaction of the employees.

3. Compensation should be sufficient so that needs of the employees are fulfilled substantially. Compensation should also take care of employees safety, health insurance and security needs also.

4. Compensation should be decided by the management as per the norms fixed by the legislations in consultation with the union. It should have approval from the top management in the organization.

These objectives can be in conflict as follows:

- Since the objective 1 is to compensate on the basis of ones ability, it may result in demotivation for some employees who are not compensated well enough which will be in conflict with objective 2.

- If organization is going through cost cut and other such measures that will also be in conflict of compensation policy which aims to ensure employees are well off.

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