Prepare an evaluation of current trends and issues in total compensation and a prediction of future trends.© BrainMass Inc. brainmass.com June 4, 2020, 2:17 am ad1c9bdddf
What we saw years ago were firms that gave regular, small pay increases to employees based on performance or other evaluating criteria. In recent years, we now see more and more companies that are giving what are called "lump-sum" benefits to employees, in the form of bonuses, stocks, or other compensation. The companies and employees receiving the compensation have both discovered that this is preferable to small pay increases at specific intervals. By using a lump-sum approach, employees are able to do more with the compensation. They're able to buy into the companies stocks, and to invest the money or use the money as one large amount more effectively than they ...
Prepare an evaluation of current trends and issues in total compensation and a prediction of future trends.