Question 2 An effective compensation system is dependent on how well the H understands the nature of the job standards and the expectations of A. Differentiate between the terms compensation and benefit B. Employee benefits may be of two types. Describe the TW C. i. List FOUR (4) examples of mandated benefits name ii. List FOUR (4) examples of indirect benefits named D. Briefly explain the importance of organizations having g plans for their employees.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Question 2
An effective compensation system is dependent on how well the Human resource Manager
understands the nature of the job standards and the expectations of workers.
A.
Differentiate between the terms compensation and benefits
B.
Employee benefits may be of two types. Describe the TWO (2) types of benefits.
i.
List FOUR (4) examples of mandated benefits named above
ii.
List FOUR (4) examples of indirect benefits named above.
D.
Briefly explain the importance of organizations having good compensation and benefits
plans for their employees.
C.
Transcribed Image Text:Question 2 An effective compensation system is dependent on how well the Human resource Manager understands the nature of the job standards and the expectations of workers. A. Differentiate between the terms compensation and benefits B. Employee benefits may be of two types. Describe the TWO (2) types of benefits. i. List FOUR (4) examples of mandated benefits named above ii. List FOUR (4) examples of indirect benefits named above. D. Briefly explain the importance of organizations having good compensation and benefits plans for their employees. C.
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