COMPENSATIONS AND BENEFITS

COMPENSATIONS AND BENEFITSMOST OF US EXPECT TO RECEIVE APPROPRIATE COMPENSATION FROM OUR EMPLOYER. DEVELOPING AN EFFECTIVE AND APPROPIATE COMPENSATION SYSTEM IS AN IMPORTANT PART OF HRM PROCESS.IT CAN HELP RETAIN COMPETER AND TALENTED INDIVIDUALS WHO HELP THE ORGANIZATION  ACCOMPLISH ITS MISSION AND GOALS.MANAGERS MUST DEVELOP A COMPENSATION SYSTEM THAT REFLECTS THE CHANGING NATURE OF WORK AND THE WORKPLACE IN ORDER TO KEEP PEOPLE MOTIVATED.EXAMPLE:    UNUSUAL BENEFITSQUALCOMM   EMPLOYEES CAN RECIVE SURFING LESSONS, KAYAKING TOURS, BASEBALL GAME TICKETS.CHG HEALTHCARE SERVICES ENJOY FITNESS CENTER. FRESH FRUIT BASKETS EVERY MORNING

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