Business > CASE STUDY > Bus409 wk 8 assignment.docx BUS 409 Effective Compensation Plan BUS 409: Compensat (All)
Bus409 wk 8 assignment.docx BUS 409 Effective Compensation Plan BUS 409: Compensat
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Bus409 wk 8 assignment.docx BUS 409 Effective Compensation Plan BUS 409: Compensation Management Introduction Compensation is money received by employees from their company for their perform... ance. Compensation plans consist of direct compensations, such as employee salary, and indirect compensations, such as health insurance, medical benefits, and travel allowances. (1) Also, it includes commission, incentives, and bonus characteristics that the company will pay their employees. This paper will discuss the components of an effective compensation plan, as well as the most beneficial ratio of internally consistent and market consistent compensation systems. It will also identify methods companies use to assess employee satisfaction with their pay structure. Furthermore, this paper will outline how companies determine whether their employer-sponsored retirement plans and health insurance programs are competiti. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [Show More]
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