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- LITERATURE REVIEW ON EMPLOYEE COMPENSATION AND BENEFITS
- Literature Review On Employee Compensation And Benefits
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Compensation refers to a wide range of financial and nonfinancial rewards to employees for their services rendered to the organization. It is paid in the form of wages, salaries and employee benefits such as paid vacations, insurance maternity leave, free travel facility, retirement benefits, etc. The system of compensation should be so designed that it achieves the following objectives. Download Functional Analysis Book — M.
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LITERATURE REVIEW ON EMPLOYEE COMPENSATION AND BENEFITS
Not a MyNAP member yet? Register for a free account to start saving and receiving special member only perks. Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Examples of indus- tries dealing with these problems include health care Bu- chan and IT professions DeMers TRB began to publish research on this topic in Special Report and more recently, in , published a synthesis, In- novative Strategies for Upgrading Personnel in State Transportation Departments Poister et al.
Most companies want to hire the most qualified employees and keep those employees loyal and productive. Because each employee is unique, larger corporations offer a wide range of mix-and-match options to suit individual needs and preferences. As a manager, you may have the option of offering your team members specific incentives based on their type of work and particular areas of interest and need. Compensation is just another word for wages. Managers work with human resources to set and raise wages based on a number of factors:.
Literature Review On Employee Compensation And Benefits
Compensation refers to a wide range of financial and nonfinancial rewards to employees for their services rendered to the organization. It is paid in the form of wages, salaries and employee benefits such as paid vacations, insurance maternity leave, free travel facility, retirement benefits, etc. The system of compensation should be so designed that it achieves the following objectives.
The compensation and benefits processes introduce the transparency into Human Resources and rewarding employees for the achieved performance. The compensation and benefits provides the managers with the compensation toolsto build a difference among employees as the high performance corporate culture can be built in the organization. The compensation and benefits department monitors the external job market and optimizes the personnel expenses budget of the organization.
The purpose of this chapter is to conduct a review of the literature on employee compensation, which forms the foundation on which this study is based, by facilitating an understanding of previous research and insight into current trends in the field of employee compensation. This chapter describes how literature on Awareness of employee compensation and its effect on their motivation. Compensation philosophy is discussed, followed by a description of the motivational effect in this study.
This means that employees usually get better benefits over time. Employee motivation through compensation can come in the form of raises, performance bonuses, commissions, profit sharing, or any number of "extra benefits" like, automobiles, vacations, or other tangible items purchased and used as rewards. Having high employee morale is the foundation upon which employee engagement can grow and thrive. Plus, PEO companies offer training alternatives if you feel that an employee needs an opportunity to grow. So much research has been devoted to these topics that researchers have resorted to review the reviews e.
However, the way the research will go is predetermined by the chosen topic. Here is a long list of the research ideas on business management that could be used for the purpose of writing a research paper on these topics. The research topics in procurement and supply chain management can be selected to get quality dissertations. Publishes research in entrepreneurship, finance, management and other business disciplines, and expert perspectives on issues affecting education for 18 Feb The Journal of Business Economics and Management publishes original research papers that provide insights into business and strategic New trends and topic changes of JBEM — a bibliometric review.
Employees Remuneration like- salary, wages, reward, payment encourage them to work in a satisfactory level. The motivational process is depending on the remuneration and it highly related with the employees productivity.