HRM1008 Chapter Notes - Chapter 8: Market Basket, European Cooperation In Science And Technology, Plans
2 Dec 2016
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H r m 1 0 0 8 c h a p t e r 8 s t u d y n o t e s. Definition of rewards, compensation, and compensation management. Complexity of factors in relation to compensation decisions. Role of line manager in making individual employee reward decisions. Impact of benefits costs on costs of running business. Equitable compensation compensation received is perceived to be equal. Direct compensation all other forms of rewards such as extended to the value of the work performed health and dental plans, and other, similar programs and plans. Total rewards everything that the employee feels is of value in the employment relationship. Indirect compensation employee wages and salaries, incentives, bonuses, and commissions. Competency-based pay pay based on how many capabilities employees have or how many jobs they can perform. Hourly work work paid on an hourly basis.
