Concept information
Preferred term
pay and rewards
Definition
- Compensation encompasses myriad schemes that organizations use for providing their employees money in return for their labor. When designing and implementing a compensation system, organizational decision makers must ask many questions and address many issues. [Source: Encyclopedia of Career Development; Compensation]
Broader concept
Narrower concepts
- competency based pay
- cost of living allowance
- employee benefits
- employee compensation
- equal pay
- Equal Pay Act
- incentive pay
- incentive schemes
- indirect pay
- international compensation
- market price based pay
- merit pay
- pay curves
- pay interval variations
- payroll taxes
- pension systems
- performance related pay
- profit sharing
- reward management
- reward strategy
- salary bands
- salary reviews
- salary surveys
- skill based pay
- spot rates
- team-based compensation
- variable pay
- wage inequities
- wage structure
- wage systems
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-X554CPXP-G
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