Post by account_disabled on Mar 14, 2024 0:42:55 GMT -8
The three types of compensation provided by companies to employees and their descriptions. Direct economic compensation. Usually the first type of compensation provided by companies is direct financial compensation. Some of the things included in this direct economic compensation are basic payments. Apart from that this compensation also includes incentives such as bonus commissions and profits. Deferred payments can also be classified as such compensation. Indirect financial Company Compensation Another type of compensation is compensation that is not directly given to the recipient worker.
This compensation can be paid through protection programs in the form of insurance or holidays. Facilities Buy Leads such as parking spaces or vehicles provided by the company are also classified as indirect financial compensation. Nonfinancial Company Compensation The final type of compensation is noneconomic compensation. in the form of fun or challenging responsibilities or work. A comfortable and relaxed work environment has also been established which can be classified as compensation for this type of work. Stages of Providing Company Compensation Before providing compensation to employees compensation management must first be carried out. One of the goals is so that the compensation received by the employee is in accordance with the abilities and efforts provided.
Moreover the company remains fair in providing compensation to employees. The stages in compensation management that you can take are as follows. Evaluate each job by using data or job analysis information carried out by the worker. Conduct surveys and wage-based payments in the labor market to determine external fairness. Assess the price of each job performed by the worker. The company's provision of compensation to employees is also influenced by factors such as internal company factors. For example employee personality can be seen from their work productivity. External factors include the supply and demand for work and the large living costs that must be borne. So it is important not to provide company compensation. From the description.
This compensation can be paid through protection programs in the form of insurance or holidays. Facilities Buy Leads such as parking spaces or vehicles provided by the company are also classified as indirect financial compensation. Nonfinancial Company Compensation The final type of compensation is noneconomic compensation. in the form of fun or challenging responsibilities or work. A comfortable and relaxed work environment has also been established which can be classified as compensation for this type of work. Stages of Providing Company Compensation Before providing compensation to employees compensation management must first be carried out. One of the goals is so that the compensation received by the employee is in accordance with the abilities and efforts provided.
Moreover the company remains fair in providing compensation to employees. The stages in compensation management that you can take are as follows. Evaluate each job by using data or job analysis information carried out by the worker. Conduct surveys and wage-based payments in the labor market to determine external fairness. Assess the price of each job performed by the worker. The company's provision of compensation to employees is also influenced by factors such as internal company factors. For example employee personality can be seen from their work productivity. External factors include the supply and demand for work and the large living costs that must be borne. So it is important not to provide company compensation. From the description.