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    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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    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 ...

    Solution Summary

    This posting discusses benefits programs. Then the solution gives you some common compensation methods and non standard means of compensation.