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What is the effect of a compensation package (benefits, salary, nonfinancial) on employee motivation and satisfaction? Use examples
It is often been cited that pay increases fail to incentivize employees in the long run, and that offering meaningful work in a positive environment is more engaging to employees. Research has also discovered that "base pay and benefits had the overall weakest relationship with the organization's ability to foster high levels of employee engagement and motivation compared to incentives, intangible rewards and quality of leadership on engagement" (Scott & McMullen, 2010). The quality of leadership is the most important ...
This solution discusses the effect of a compensation package (benefits, salary, non financial) on employee motivation and satisfaction and provides examples and APA formatted reference.
Employee Behavior in Various Businesses
You may deal with employees who work for various business and companies from time to time. Do you feel that an employee�s compensation plan affects how he or she behaves to one another and to his or her customers? Why or why not? If the compensation plan does indeed affect behavior, how can the plan be improved?View Full Posting Details