Compensation Case Study Example | Topics and Well Written Essays - 1000 words - 2

Compensation - Case Study Example Majority of accountants are bachelor’s degree holders while product managers are masters graduates. Moreover, most managers have a higher experience of between 10-15 years while accountants have only an average experience of 2-5 and 5-10 years. Stock options are offered by firms as means of compensation for lower salaries. Given the above mentioned jobs, companies do not include stock options as benefits on top of the salaries offered. This is because the salaries offered by the organizations are high enough for the professions. The job descriptions vary for the different professions. Accountant III is responsible for preparation of balance sheets, profit and loss accounts and preparation of other financial reports in the organization. Other tasks include analysis of business trends for costs, revenues, obligations and commitments. The financial analyst is responsible for compiling necessary financial information for an organization. Some of the important information includes preparation of analyses of revenues and expenses projections, reports and presentations to the firm. He/she is also required to prepare financial reports of organizations including forecasting and reconciliation of internal accounts. Product manager in a bank is on the contrary responsible for marketing products of the bank and ensuring that the bank makes profits. These job descriptions are what I expected and once I attain the required credentials, I would apply for the job (Dundon & Rollinson, 2007). The comparison of the compensation at salary.com for the professions with local/regional compensation reveals that the compensation offered by the local career office are lower than the compensation offered by salary.com. The reason for this could be due to lower responsibilities for jobs at the regional level, demotions, working in small companies compared to large multinationals and jobs being offered at the