- 7. Discuss the role of benefits in compensation. Review the primary reasons an organization provides benefits to its employees; predict future trends in relation to employee benefits.
- Compensation is the added advantage that an employee gets from an organization in return to the work done for a certain period. The roles and benefits in compensation include increase in salary ranges and merit programs. Other benefits of compensation include bonus-based programs. The benefits of compensation may include increase in the monthly salary and retirement bonuses.
- 8. How does a company weigh the expense of the benefits to the actual benefit of the benefits?
- A company or an organization weighs the expenses of benefits through monetary values. The management of the organization outlines the procedure. Other reasons that might be included in weighing the monetary values include cost of productivity. In addition, the question of how long an employee may have worked in an organization weighs the benefits.
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