What does compensation mean to an employee?
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What does compensation mean to an employee?
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Compensation
Important topics for compensation include:
- The Nature of Compensation
- Compensation Systems Design Issues (Legal requirements and economic conditions)
- Perceptions of Pay Fairness
- Development of a Base Pay System
- Issues Involving Pay Increases and Pay Structures
What does compensation mean to an employee? Are there psychological components to compensation? Is compensation only about money? What is the effect of satisfied employees on a company’s bottom line? Use at least one citation/referenced to your readings.
