Compensation and Benefits Systems
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Discuss the differences between a reward system, a compensation system, and a noncompensation system. Explain which system is more important to an employer and why. Use specific examples to support your answer. Explain which system is more important to an employee and why. Use specific examples to support your answer.
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This solution explains the differences between a reward system, a compensation system and a non-compensation system in 200 words.
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The differences among a reward system, a compensation system, and a non-compensation system are that the compensation system relates to the entire sum of emoluments paid to the employee. This includes salary, benefits, commissions, and rewards. On the other hand, rewards are a part of the compensation that is ...
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