Post by account_disabled on Mar 11, 2024 3:07:27 GMT -5
The that the definition of compensation is all income in the form of money direct or indirect goods received by employees as compensation for services provided to the company. Referring to the definition of compensation above it can be said that it is an economic term that has an important role because it is directly related to employee income. For this reason in this article we will also discuss the objectives types criteria for giving and policies in business in addition to the definition of compensation that has been explained previously. What are the terms in understanding compensation After knowing the meaning of compensation then we also need to know what terminology is contained in it.
Maybe the following terminology is familiar to your ears lets just look at it Job Function Email List together Wages or Salary The first terminology in compensation is wages . Wages are usually related to the hourly pay rate the longer the work the greater the pay . Wages are a payment base that is often used for production and maintenance workers. Meanwhile salary generally applies to weekly monthly or annual rates. Incentive incentive Furthermore there are incentives which are additional salaries above or beyond the salary or wages provided by the organization.
Incentive programs are tailored to provide additional pay based on productivity sales profits or costcutting efforts. Benefits _ _ Then there is also the terminology of benefits in providing compensation. To make things easier for you you can see examples of benefits such as health insurance life insurance companycovered holidays pension programs and other benefits related to employment. Facilities _ _ Lastly there is facility terminology. The facilities referred to here are enjoyment or benefits such as company cars club memberships special parking spaces. Positive Influence Understanding Compensation to its employees will definitely have a positive impact and bring benefits to the company and employees. So here are the positive.
Maybe the following terminology is familiar to your ears lets just look at it Job Function Email List together Wages or Salary The first terminology in compensation is wages . Wages are usually related to the hourly pay rate the longer the work the greater the pay . Wages are a payment base that is often used for production and maintenance workers. Meanwhile salary generally applies to weekly monthly or annual rates. Incentive incentive Furthermore there are incentives which are additional salaries above or beyond the salary or wages provided by the organization.
Incentive programs are tailored to provide additional pay based on productivity sales profits or costcutting efforts. Benefits _ _ Then there is also the terminology of benefits in providing compensation. To make things easier for you you can see examples of benefits such as health insurance life insurance companycovered holidays pension programs and other benefits related to employment. Facilities _ _ Lastly there is facility terminology. The facilities referred to here are enjoyment or benefits such as company cars club memberships special parking spaces. Positive Influence Understanding Compensation to its employees will definitely have a positive impact and bring benefits to the company and employees. So here are the positive.