What are the implications of implementing non-monetary forms of recognition and rewards as part of compensation packages?
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- explain , what are the implications of implementing non-monetary forms of recognition and rewards as part of compensation packages?Is pay-for-performance a better model than existing models of compensation? Are there limitations to it as well?how do fringe benefits contribute to a company's overall compensation strategy and total rewards program?
- Why are employee benefits sometimes referred to as "indirect compensation"?what strategies can an organization adopt to develop effective compensation and benefits packages ?Give at least three (3) examples of internal and external factors to consider when developing a rewarding compensation plan and identify the advantage and disadvantage of each factor