Elabora te how fringe benefits contribute to a company's overall compensation strategy and total rewards program?
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- how do fringe benefits contribute to a company's overall compensation strategy and total rewards program?what type of compenstaion philosophy does dietary aides use? such as reward, market pay, or entitlement compensation discuss one postive consequence and one negative consequence of the compensation philosophy?In terms of compensation, how do employees view fairness? Cite 3 ways and give concrete, specific examples for each.
- what strategies can an organization adopt to develop effective compensation and benefits packages ?Briefly explain the importance of organizations having good compensation and benefitsplans for their employees.What are some ways that pay-for-performance schemes could backfire if acompany doesn’t set them up carefully or effectively manage the factors thataffect employee performance?
- What are some of the Contextual Influence on the Compensation System?What strategies can organizations employ to incentivize high-performance and long-term commitment through their compensation programs?In what ways may legally required benefits have contributed to an employee entitlement mentality regarding discretionary benefit offerings?
- Is pay-for-performance a better model than existing models of compensation? Are there limitations to it as well?How IMPORTANT are benefits to an employee?suggest how company could retain their performed employees by re-structuring their compensation program. Include an example to strengthen your answer.