terrabia, management assignment help

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Business Finance

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NO PLAGIARISM!!! CITE ALL REFERENCES, MUST HAVE A REFERENCE PAGE. NO HEADER JUST A PAGE NUMBER. NO GRAMMATICAL ERRORS! MUST HAVE AT LEAST 800 WORDS BEFORE REFERENCE PAGE.

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1

Compensation Plan and Benefit System

Contents
Effective Compensation and Benefit Systems ........................................................................................ 1
Compensation and Benefit Philosophy According to US Laws ................ Error! Bookmark not defined.
Revised Compensation and Benefit System ............................................ Error! Bookmark not defined.
Pay Structure Architecture....................................................................... Error! Bookmark not defined.
Types of Benefits ...................................................................................... Error! Bookmark not defined.
Emphases on Equity ................................................................................. Error! Bookmark not defined.
Argument ................................................................................................. Error! Bookmark not defined.
References ............................................................................................... Error! Bookmark not defined.

Compensation Plan and Benefit System

Effective Compensation and Benefit Systems
Compensation and benefits system is an attempt by realizing the compensational
phenomenon in which the employer offers a full variety of extrinsic and intrinsic rewards
including the fringe benefits. Compensation and Benefits is an ancient theory and idea for the
good of employees. The employer is responsible for offering the rewards and remuneration to
the employees. These benefits are in different forms. Most of the countries have legal
boundaries and limits for the at least/minimum compensation and benefits requirements
where employers are bound to offer certain benefits other than the base salary for the
employees. This paper will discuss the total compensation practices of a farm-tech company
operating with 3500 employees.


1

Compensation Plan and Benefit System

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2

Contents
Effective Compensation and Benefit Systems ........................................................................................ 3
Compensation and Benefit Philosophy According to US Laws ............................................................... 3
Revised Compensation and Benefit System ........................................................................................... 3
Pay Structure Architecture...................................................................................................................... 4
Types of Benefits ..................................................................................................................................... 6
Emphases on Equity ................................................................................................................................ 7
Argument .............................................................................................................................................. 10
References ............................................................................................................................................ 11

3

Compensation Plan and Benefit System

Effective Compensation and Benefit Systems
Compensation and benefits system is an attempt by realizing the compensational
phenomenon in which the employer offers a full variety of extrinsic and intrinsic rewards
including the fringe benefits. Compensation and Benefits is an ancient theory and idea for the
good of employees. The employer is responsible for offering the rewards and remuneration to
the employees. These benefits are in different forms. Most of the countries have legal
boundaries and limits for the at least/minimum compensation and benefits requi...


Anonymous
Really useful study material!

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