Description
"Compensation Packages" Please respond to the following:
- Examine the common elements of compensation packages. Determine which two elements you believe to be the most motivational to an employee and to you. Support your response with recognized authorities in the field.
- Compare team and individual bonuses and incentives. Determine which type of bonuses and incentives you would prefer. Support your position with examples.
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Explanation & Answer
Attached.
Running head: COMPENSATION PACKAGES
Compensation Packages
Name
Institution
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COMPENSATION PACKAGES
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Compensation Packages
Elements of Compensation Packages
A base pay is one of the elements of compensation packages that most organizations
implement along other short-term and long-term incentives used to trigger improved
performance. Base salary payments are usually paid based on job responsibilities and are fixed
and recurring. They are ideal for employees ...