About this document
Understanding Employee Compensation by indu is a document available to read on EtoBox.
Compensation includes direct payments such as wages and salaries as well as indirect payments like benefits and incentives. It aims to attract and retain qualified employees, ensure pay is equitable and competitive, reward desired behaviors, control costs while complying with regulations, and motivate higher productivity. Compensation is influenced by both external factors like the labor market, cost of living, unions, and economy, and internal factors such as business strategy and performance appraisals.
- Author
- indu
- Language
- EN