Compensation and Benefits: monetary and in-kind payments
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Distinguish between monetary and in-kind payments. Describe the relationship between compensation and noncompensation subsystems of the reward system. Describe whether monetary and in-kind payments are sources of motivation?
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Solution Summary
Brief review of alternative compensation to money and how employees view these.
Solution Preview
A good example of monetary and in-kind payments is the use of monetary employee awards vs. time off awards. In essence, these awards are utilized to provide employees recognition ...
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