Compensation When is it appropriate to create a compensation system and structure more aligned to external compensation equity than internal compensation equity, and why?

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Compensation


When is it appropriate to create a compensation system and structure more aligned to external compensation equity than internal compensation equity, and why?

Answered 1 days AfterMay 09, 2021

Answer To: Compensation When is it appropriate to create a compensation system and structure more aligned to...

Sanjukta answered on May 10 2021
136 Votes
Running Head: COMPENSATION
COMPENSATION
4
Compensation
It is needless to say that a proper compensation system is extremely vital for motivating the workers and it must be created at the earliest. Furthermore, it is needless to say that the compensation system needs to be uniform for providing equal benefit for everyone. Compensation system plays one of the most important roles in a company and in any company it is designed and incorporated for streamlining the activities. A compensation system that is effective also tends to help to create the willingness among the qualified individuals for joining the firm and also performing the tasks that is required by the firm. Generally workers must be able to take away that performing their respective jobs also satisfying some of their personal needs, along with the needs of the employers. Suitably remunerated workers feel that they enhance the organization. At the point when representatives feel appreciated, they have a positive outlook on coming in to work. Consequently, the resolve of...
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