When designing a compensation system for an organization, it is
important to have a compensation philosophy which serves as a
framework for making decisions about various components of the
system.
Tasks:
One question to be addressed is how can your compensation
program help the organization be successful (e.g., be able to
attract and retain talented workers needed to be competitive in the
marketplace)?
Some options for consideration include:
Being an “employer of choice” in the industry
Offering top salaries
Putting...
In designing a benefits what are the most important
considerations for the employer and why? What are the important
considerations for the employee and why?