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Issue:

Business

 

Written by:

James H

 

Date added:

June 10, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 351

 

Was viewed:

509 times

 

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Essay content:

Compensation is given out to employees whose outstanding performance has been exhibited over-time in order to encourage them to keep increasing in performance. Their compensation and pay grade are based on the responsibilities and requirements for each job position. Key position and hard-to-recruit position may receive higher compensations than other employees...
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Overall, the compensation system is based on a merit-pay system where employees who receive exceptional performance review ratings are eligible for higher increases in pay than those who are rated as satisfactory. Employees who received an unsatisfactory performance review will not be eligible for compensation...
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