Designed to reward long term company performance. Individual joblevel/performance may impact eligibility to participate. Can be aneffective retention tool.Benefits Broad range of practices including health insurance, vacation,leave policies, and retirement and savings plans. Designed to addresshealth and welfare needs of employees. Can send strong messagesabout company culture and values.
Perks & Non-Cash Rewards
Used to recognize exceptional contribution, performance, commitmentto culture and values. Variety of methods including additional time off,tickets to events, trips, dinners, public recognition, etc.
2. Explain the economic theories of wages3. Write down the characteristics of job design4. Explain the different job evaluation approaches5. List and explain the components of CTC6. Briefly explain the variable compensationSolve