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
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From India, Dhanbad
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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.
Common Benefits to Consider in a New Job
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
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Common Benefits to Consider in a New Job
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
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Motivation Through Needs Satisfaction
Employees won't be motivated by compensation alone. By satisfying their needs, they will become motivated and engage themselves, taking an interest and starting to work effectively within the organization.
Regards,
Ojos
From India, Chennai
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5Employees won't be motivated by compensation alone. By satisfying their needs, they will become motivated and engage themselves, taking an interest and starting to work effectively within the organization.
Regards,
Ojos
From India, Chennai
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Employee Motivation.ppt
Employee Benefits.doc