Total Compensation Methods Paper

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Issue:

Miscellaneous

 

Written by:

Ingrid M

 

Date added:

April 30, 2016

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1854

 

Was viewed:

7205 times

 

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Essay content:

What are compensation and benefit strategies? Compensation and benefit strategies are ways that organizations can use pay and benefits to recognize and reward employees’ contributions to the organization’s success. (Noe, Hollenbeck, Gerhart, and Wright, 2004) Some examples are wage and salary administration, incentive pay, insurance, vacation leave administration, retirement plans, profit sharing, and stock plans...
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In order to gain a better understanding of these programs and how they impact organizations, a comprehensive look at compensation methods and benefit programs is necessary. A company has many options when it comes to compensation methods. Compensation not only affects the company, but also the employee and future employees...
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