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Compensation- DQ 1
Compensation is the method in which most organizations reward their employees' efforts. There are two basic compensation philosophies that lie on opposite ends of a continuum - the entitlement and the performance philosophy. Compare and contrast these two important philosophies and determine which should be the determining philosophy for most organizations, and why.
Benefits are indirect rewards given to an employee or group of employees for organizational membership. Their costs are rapidly increasing, causing many organizations to require employees to help pay for these benefits. Detail the role of benefits in an organization's overall compensation philosophy. Then, distinguish between those benefits that offer an employer a competitive advantage in the recruitment process (and thus should be a component of an employee's compensation package) and those benefits that do not offer an employer a competitive advantage.
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