Pay is meaningful to the employees in four dimensions: 146-47). They are: 1) Salient motives-pay is meaningful because the employee expects that it will allow him or her to satisfy ...

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

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, ...

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

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

This discipline covers the various forms of direct compensation—i.e. employee’s pay including variable pay, short and long term incentives, company stock awards, as well as promotions ...

Child and Elder care benefits Child care and elder care are becoming more prevalent in benefits packages. If these issues affect your life, find out what the employer offers either ...

Definition: The Compensation is the remuneration given to the employees for the work they do for the organization. In other words, an employee is entitled to both the financial and ...