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the Compensation and Benefits Package is considered the main employee's motivator.As a reward, it is a suitable method of convincing a highly skilled employee to stay committed and loyal to the organizationEmployee benefit is defined as any form of reward provided by the organization other than wages or salaries that is paid for in whole or in part by the employer.The benefit also referred as indirect compensation because it is given to employees in the form of a plan (such as health insurance, organization shares and retirement benefits) rather than cash .Employee benefit can be referred to the benefits that are provided to the employees in addition to their salary.Benefit includes packages an employer practices to supplement the cash compensation that employees receive.Other researchers identified For an organization to supervise compensation efficiently, the employer need to have a positive influence on the performance of its employee and understand the various aspect of compensation as motivators that motivate employees and direct their behavior towards achieving organizational objectives.Compensation can be characterized by two basic elements: base pay-nondiscretionary compensation that does not regularly vary according to performance or results achieved.Where researchers identified successful compensation programs are the result of well-defined and closely managed systems.
Original text
the Compensation and Benefits Package is considered the main employee's motivator. As such, it plays a crucial role in determining successful recruiting, engagement, and retention strategies.
Where researchers identified successful compensation programs are the result of well-defined and closely managed systems. A compensation philosophy provides the foundation to ensure that each of the different programs and systems is working in harmony with the others. Compensation can be characterized by two basic elements: base pay-nondiscretionary compensation that does not regularly vary according to performance or results achieved. Variable pay-discretionary compensation that is contingent upon performance or results achieved.
Other researchers identified For an organization to supervise compensation efficiently, the employer need to have a positive influence on the performance of its employee and understand the various aspect of compensation as motivators that motivate employees and direct their behavior towards achieving organizational objectives.
Generous reward retain employee and ultimately lead to job satisfaction, commitment and loyalty. Compensation is the reward that workers receive for their service or contribution to the organization. Meanwhile, the other author stated that compensation is a systematic approach to provide monetary value and other benefits to employees in exchange for their work and service.
Employee benefit is defined as any form of reward provided by the organization other than wages or salaries that is paid for in whole or in part by the employer.The benefit also referred as indirect compensation because it is given to employees in the form of a plan (such as health insurance, organization shares and retirement benefits) rather than cash .Employee benefit can be referred to the benefits that are provided to the employees in addition to their salary.Benefit includes packages an employer practices to supplement the cash compensation that employees receive. On other hand, benefit comprises of health, income protection, savings and retirement program that provide security for employees and families.
Researchers pointed out that compensation, on the other hand, is a different terminology. It is merely an added benefit and may always come as a reparation, brilliance in performance, as a reward, or as payment for relief. It has nothing to do with salary and is often not negotiated as salary and wages unless it is a fixed compensation. Moreover, compensation is not something being debated about. It could be willful on the grounds of merit or worthiness. Compensation can be classified as a reward. As a reward, it is a suitable method of convincing a highly skilled employee to stay committed and loyal to the organization
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