Question: Compensation is generally a complex issue for HRM and more so for organisations in attempting to ensure that it is seen as equitable or inequitable.

Compensation is generally a complex issue for HRM and more so for organisations in attempting to ensure that it is seen as equitable or inequitable. Compensation systems includes base pay, merit pay, short term and long-term incentives, recognition awards and attraction or retention awards. Describe the TWO (2) processes that base pay is built upon and elaborate on incentive pay and rewards in your discussion.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!