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About Human Resource Management Chapter 9 Reviewer
This document discusses compensation and benefits in organizations. It defines compensation as rewards provided to employees for their work, including wages and salaries. Benefits are additional items of value beyond wages like healthcare. The purposes of compensation are to provide fair pay according to the law and employee performance, help employees focus on important tasks, and serve as motivation. Compensation strategies consider the organization's strategy, ability to pay, ability to attract workers, and ability to bargain with unions. Job evaluation methods like classification systems and point systems determine the relative value of jobs to set appropriate compensation.
Detailed Information
| Author: | ['Nikkson Cayanan'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 5 |
| Language: | English |
| Format: | |
| Price: | FREE |
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