Compensation and Benefits-LO5-Compensation Survey

Compensation Survey Compensation & Benefits (abbreviated “C&B”) is a sub-discipline of Human-Resources, focused on employee compensation and benefits policy making. It is also known in the UK as ‘Total Reward” and as “Remuneration” in Australia and New Zealand. The area of compensation And Benefits belongs to the most specialized areas in Human Resources Management. Compensation…

Compensation And Benefits-LO4-Total Rewards Program

What is Included in a Total Rewards Package? The package typically contains elements of compensation, benefits, work-life benefits, performance recognition and career pathing opportunities. Following are general suggestions of what can be considered when putting together a total rewards package 1. COMPENSATION: In general, most employees regardless of title or role within the organization have an…