Pros and Cons of Compensation (Essay Sample)
Write an essay on the topic Pros and cons of compensation
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Michael Oduor
Professor
Management 101
11 September 2021
Pros and Cons of Compensation
Compensation refers to the benefits an employee receives from the employer. It is one of the biggest expenses businesses incur. All employees in a company get at least one of the compensations that exist. Common compensations include salaries, wages, life insurance, paid leaves, employer-paid health insurance, and retirement benefit plans. Payment is based on skills. Skilled employees are well compensated than casual laborers. Demand in a particular skill determines the rate at which an employee is paid ADDIN EN.CITE Hansen200720(Hansen)202017Hansen, FayCurrents in Compensation and BenefitsCompensation & Benefits ReviewCompensation & Benefits Review5-273932007https://journals.sagepub.com/doi/abs/10.1177/088636870730290510.1177/0886368707302905(Hansen).
Managing employee compensa
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