Theories of Compensation

1. Reinforcement and Expectancy Theory: This theory is based on the assumption that, the reward-earning behavior is likely to be repeated, i.e. an employee would do the same thing ...

Compensation and benefits components

There can be several ways where benefits can be given to employees. Mostly it is given in terms of a CTC or gross salary. Some of the various components of compensation and benefits ...

Vroom’s Expectancy Theory

Definition: Vroom’s Expectancy Theory was proposed by Victor. H. Vroom, who believed that people are motivated to perform activities to achieve some goal to the extent they expect ...

Direct Employee compensation

Direct compensation refers to monetary benefits offered and provided to employees in return of the services they provide to the organization. The monetary benefits include basic salary, ...

Components of executive compensation

The various components of executive compensation are – (adsbygoogle = window.adsbygoogle || []).push({}); 1. Salary – base salary 2. Short Term Incentives (STI) – for meeting ...

Executive Compensation

Executive compensation is the monetary and non-monetary benefits which are given to the senior management & executives of a company. Executive compensation includes salaries, perks, ...

Types of compensation

Based on the seniority, responsibility and position of an employee, there are various types of compensation plans: (adsbygoogle = window.adsbygoogle || []).push({}); 1. Executive ...

Difference between direct, indirect and non-financial compensation

By definition, compensation can be understood as total amount of the monetary and non-monetary reimbursement provided to an individual in return for labour. Within this act of repayment, ...

Direct Benefits

Direct benefits are optional, non-wage compensation provided to employees in addition to their normal wages or salaries. These types of benefits may include group insurance (health, ...

Profit sharing

Profit sharing refers to various incentive plans introduced by businesses that provide direct or indirect payments to employees that depend on company’s profitability in addition ...
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