human resource and management

2.  Compensation is the total cash and non-cash payment offered by an
employer to an employee in return for the services rendered to the
company. Apart from salary and wages.
 compensation also includes:
 Sales commission,
 Overtime pay,
 bonuses,
 Profit sharing,
 Non-cash benefits, such as company-paid accommodations,
certain stock options, a company-financed car and other non-
cash taxable items.

3. Gary Dessler in his book defines compensation
in these words..
“Employee compensation refers to all forms of
pay going to employees and arising from their
employment."

4.  Job Satisfaction.
 Motivation.
 Low Absenteeism.
 Low Turnover.
 Peace of Mind.
 Increases self-confidence.

5.  1.To reward employees’ past performance fairly, in line with
efforts, skills and competence.
 2.To attract and retain competitive high performing
employees.
 3.To motivate the high performing employees and reinforce
desirable employee behavior.
 4.To remain competitive in the labor market.

6.  5. To align employees’ future performance with
organizational goals.
 6.
To communicate the employees their worth to the
organization.

7. Thank You..