Employee Compensation And Benefits - Employee Benefits [Thread 376057] - CiteHR
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
what is the main reason for giving the compensation and at the what basis compensation are given? Is there any common benefits given to the employers?
Did you get the query during your dreams? Compensation is paid for doing some service which the employee was mandated to do so. Pon
The main reason of giving compensation is to motivate the employee and to satisfy the basic needs of the employee.
Employers usually offer their employees benefits for one or more of the following reasons:
Attracting and retaining talented employees.
Aligning benefits packages with those offered in the marketplace.
Promoting higher levels of morale among employees.
Providing opportunities for promotion or advancement as workers resign, retire, or move to other positions within the organization.
Compensation is based on the contribution of the role. The person may have higher capability and the potential to play a higher role, but it is the role that commands the compensation, not the person.
Here are t he most common benefits and things you should consider about them as you consider your new job.
Health Insurance
Employer Match
Paid Vacation and Sick Time
Life Insurance
Stock Options
Flexible Spending Accounts
Other Insurance Options.

I hope this vl help to u for some extant.
HR Recruiter,
ProSearch Consultants
#296,2nd Floor, Opp IDBI Bank,
24th main, J P Nagar, VI phase,
Bangalore- 560078,Karnataka,India
Ph: +91-80- 42039776 / 42038052.
<link outdated-removed> ( Search On Cite | Search On Google )

The employees won't get get motivation by giving compensation.................by satisfying his needs only he will get motivated and engage himself to take interest and start working in the concern........................................... ..........

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™