Compensation

From Biocrawler, the free encyclopedia.

Compensation could refer to:

• The restitution for an injury suffered
• Compensation, an essay by Ralph Waldo Emerson
• In chess, compensation refers to an advantage one player has to offset some other (generally material) disadvantage.
• In human resources, it looks at the pay structures within organizations.
  • Some of the main issues in the area of compensations are:
    • How much should companies pay to attract, retain, and motivate employees?
    • Should they pay salaries or variable rewards (a.k.a. piece-rate)?
    • Should they provide benefits, and if so, to what degree?
    • What's an appropriate discrepancy between the pay for high and low performers?
    • Would it make sense to provide stock options or stock bonuses?
    • Reinforcement mechanism (additional options grant, vesting schedule. etc) to retain top performers in the organization
  • Compensation is also tightly linked to employee appraisal. If you have poor ways of measuring performance, that has consequences for how compensation should be structured.

See also

• Workers' compensation
• Executive compensation
• Frederick Herzberg
• Compensation(chess)

External links

• World at Work: (http://www.worldatwork.org/)
• Hotjobs: (http://www.hotjobs.com/)
• Salary2020: (http://www.salary2020.com/)
• Monster: (http://www.monster.com/)

Wikipedia (http://en.wikipedia.org/wiki/Main_Page) Compensation (http://en.wikipedia.org/wiki/Compensation) version history (http://en.wikipedia.org/w/index.php?title=Compensation&action=history) GNU Free Documentation Lizenz (http://en.wikipedia.org/wiki/Wikipedia:Text_of_the_GNU_Free_Documentation_License) CC-by-sa (http://creativecommons.org/licenses/by-sa/2.5/)

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