Compensation Pl Motivation And The Retention Of Talent

Compensation plan is an approach to motivate employees Benefits are a critical factor in the attraction and motivation and the retention of talent in the 21st century, packages based on rewards will have the power to motivate employees attitudes and baehaviorn are aligned with organization goals strategies and culture (Kaupins, 2012). Companies bring many people in because of job proposals, it set the pace for workers, it determined the relations that will be established. Organizations spends a lot of money on resources trying to find the right candidate(Kaupins, 2012). Benefits are a critical factor in the attraction and motivation and the retention of talent in the 21st century, packages based on rewards will have the power to motivate employees attitudes and behavior are aligned with organization goals strategies and culture Youssef-Morgan, C. M., Stark. E. (2014). A compensation plan is a motivation factor merely to entice employees to go that extra mild and work hard, learn new skill and reach new abilities. There are many different ways to pay a salary ot employees, where compensation and benefits are concerned, there is fixed cash rewards which is paid by an employers to any employee(Kaupins, 2012). The most common pay is base pay salary, this is paid on a daily weekly basis, it is hourly, bi weekly, or monthy.All over the world there is people getting paid minimum wage.There is variable pay, which is non fixed cash, this is payed by the company, now this kindShow MoreRelatedHr Policies in Tcs6004 Words   |  25 Pages.............6 5. Customer Complaint Management......................................................9 6. Performance Management.................................................................13 7. Compensation management...............................................................17 8. 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