Compensation And Rewards System: Case Study Henderson Printing Company (Essay Sample)
THE PAPER REQUIRED A WRITE UP ON COMPENSATION AND REWARD SYSTEM CONCERNING A CASE STUDY OF heNDERSON PRINTING COMPANY.
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Compensation and Rewards System: A Case Study of Henderson Printing Company
Introduction
Rewards is all about the formulation and implementation of policies and strategies that reward people equitably, consistently, and fairly in accordance with the value they contribute in the organization, whereas compensation is any payment form made to an employee for the rendered services by the employer (Liu, Lamberton, & Haws, 2014). The most effective compensation and reward system aligns with the objective and outcome-based employee performance evaluation. This paper discusses the reasons behind the high employee turnover rate, the compensation system adopted in relation to justice, effectiveness, and principles, and changes that can be made for a holistic compensation system in the context of Henderson Printing Company.
The Reason for High Employee Turnover Rate in the Organization
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