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Compensation Package.

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Nursing

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Grand Canyon University

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HRM 635

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Running head: COMPENSATION PACKAGE 1

Compensation Package

Students Name

Institution Name

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COMPENSATION PACKAGE 2

Compensation packages refer to a combination of various benefits provided by employers to

their employees. Productivity in the workplace often starts with employees feeling valued, thus

increasing their motivation. Proper compensation implies that employees are valued as humans

and workers. Individuals how feel valued often feel better coming to work, and this aspect

increases the overall morale of people motivated to work. For example, the most common

compensation package are bonuses on salary. Employees who receive bonuses often feel

motivated to work with the company, leading to employee retention due to motivation. Most

companies that offer compensation packages have a high degree of employee retention instead of

other companies with a low offering of compensation packages to their employees (Leonard,

2019).

By creating the right compensation plan, employees develop a strong satisfaction for their

job and employer. Benefits and bonuses will allow employees to remain in the company even

though they could search for other offers. Companies with high employee retention often give

credit to their compensation packages for playing a role in satisfying their employees.

Companies such as Microsoft, Verion, UiPath and T-Mobile have been ranked among the best

companies where employees are satisfied with their pay, perks and benefits (Truskey, 2020).

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Running head: COMPENSATION PACKAGE Compensation Package Students Name Institution Name 1 COMPENSATION PACKAGE 2 Compensation packages refer to a combination of various benefits provided by employers to their employees. Productivity in the workplace often starts with employees feeling valued, thus increasing their motivation. Proper compensation implies that employees are valued as humans and workers. Individuals how feel valued often feel better coming to work, and this aspect increases the overall morale of people motivated to work. For example, the most common compensation package are bonuses on salary. Employees who receive bonuses often feel motivated to work with the company, leading to employee retention due to motivation. Most companies that offer compensation packages have a high degree of employee retention instead of other companies with a low offering of compensation pac ...
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Tags: business and finance accounting compensation package Employee retention EMployee Motivation

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SU Health Science Carreer Salaries and Competences Discussion

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SU Health Science Carreer Salaries and Competences Discussion

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SU Health Science Carreer Salaries and Competences Discussion

Lesson 8Project Assignment: Time to put it all togetherBy now you should have compiled much of the completed Project. Th ...

SU Health Science Carreer Salaries and Competences Discussion

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Based in the information in Chapter 3 evaluate the nutritional label of a food item, either one in the supermarket or one ...

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