what is the main reason for giving the compensation and at the what basis compensation are given? Is there any common benefits given to the employers?
From India, Dhanbad
Acknowledge(0)
Amend(0)
From India, Dhanbad
Acknowledge(0)Amend(0)
Did you get the query during your dreams? Compensation is paid for doing some service which the employee was mandated to do so. Pon
From India, Lucknow
Acknowledge(0)Amend(0)
616From India, Lucknow
Acknowledge(0)Amend(0)
Hi,
The main reason for giving compensation is to motivate the employee and satisfy the basic needs of the employee. Employers usually offer their employees benefits for one or more of the following reasons: Attracting and retaining talented employees, aligning benefits packages with those offered in the marketplace, promoting higher levels of morale among employees, and providing opportunities for promotion or advancement as workers resign, retire, or move to other positions within the organization. Compensation is based on the contribution of the role. The person may have a higher capability and potential to play a higher role, but it is the role that commands the compensation, not the person.
Here are the most common benefits and things you should consider about them as you consider your new job: Health Insurance, Employer Match, Paid Vacation and Sick Time, Life Insurance, Stock Options, Flexible Spending Accounts, and Other Insurance Options.
From India, Nellore
Acknowledge(0)Amend(0)
The main reason for giving compensation is to motivate the employee and satisfy the basic needs of the employee. Employers usually offer their employees benefits for one or more of the following reasons: Attracting and retaining talented employees, aligning benefits packages with those offered in the marketplace, promoting higher levels of morale among employees, and providing opportunities for promotion or advancement as workers resign, retire, or move to other positions within the organization. Compensation is based on the contribution of the role. The person may have a higher capability and potential to play a higher role, but it is the role that commands the compensation, not the person.
Here are the most common benefits and things you should consider about them as you consider your new job: Health Insurance, Employer Match, Paid Vacation and Sick Time, Life Insurance, Stock Options, Flexible Spending Accounts, and Other Insurance Options.
From India, Nellore
Acknowledge(0)Amend(0)
I hope this will help you to some extent.
Regards, Pooja HR Recruiter ProSearch Consultants #296, 2nd Floor, Opp IDBI Bank, 24th main, J P Nagar, VI phase, Bangalore- 560078, Karnataka, India Ph: +91-80-42039776 / 42038052.
<link outdated-removed> (Search On Cite | Search On Google)
From India, Nellore
Acknowledge(0)Amend(0)
Regards, Pooja HR Recruiter ProSearch Consultants #296, 2nd Floor, Opp IDBI Bank, 24th main, J P Nagar, VI phase, Bangalore- 560078, Karnataka, India Ph: +91-80-42039776 / 42038052.
<link outdated-removed> (Search On Cite | Search On Google)
From India, Nellore
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Employee Motivation.ppt
Employee Benefits.doc