Benefits programs and Non-standard Compensation
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What are compensation methods? What are benefits programs? Why is benchmarking important in maintaining external equity in compensation? What is the relationship between compensation and employee morale?
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Solution Summary
This posting discusses benefits programs. Then the solution gives you some common compensation methods and non standard means of compensation.
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What are compensation methods?
Common compensations methods are:
1. Salaries;
2. Bonuses:
3. Commissions;
Non standard means of compensation are:
1. Time off;
2. Cash for ideas;
3. Coupons for lunch:
4. Travel expenses;
What are benefits programs?
These programs are anything that employees and members of his family received from the employer because the employee's job. The ...
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