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Essay

Importance And Roles Of Employee Compensation

Essay specific features

 

Issue:

History

 

Written by:

Manuel D

 

Date added:

March 12, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1316

 

Was viewed:

9288 times

 

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Essay content:

Many companies feel that employee compensation is the dominant factor in employee satisfaction. Several theories have been proposed on employee compensations and benefits and what motivates them. Abraham Maslow is known for establishing the theory of a hierarchy of needs, writing that human beings are motivated by unsatisfied needs, and that certain lower needs need to be satisfied before higher needs can be satisfied...
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Compensation and benefits satisfy the two most basic needs of Maslow's Hierarchy (physiological and safety). Emotional needs satisfy the three upper needs of Maslow's Hierarchy (love, esteem, and self-actualization). (Dr. Boeree, 2006). Fredrick Herzberg developed another popular theory of motivation called the two-factor theory...
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