Describing Companies’ Compensation Practices: A Case Study of Pagadian Manufacturing & Retailing Companies

Jhezsan A, Duhilag,, Ramirez Zcymonerom M, Nichole Kate C, Ranes, and Eligen H. Jr, Sumicad,

Journal of Business and Social Review in Emerging Economies, 2023, vol. 9, issue 4, 473-482

Abstract: Purpose: The compensation practices in the case of retailing and manufacturing companies of Pagadian City. When a company fails to have a structure and transparency on how pay choices are made, it may be at a disadvantage when it comes to keeping employees motivated and preserving employee pay fairness. This explores the compensation practices implemented especially by the retailing and manufacturing companies and how these practices help improve the company’s employee performances.Design/Methodology/Approach: The researcher used a qualitative approach to make the chosen participants able to describe their Compensation Practices. The researchers distributed a Consent for Participation letter to the chosen participants of the research study before proceeding to the interview proper.Findings: The results show that the Compensation Practices of Manufacturing Retailing companies in Pagadian City includes monetary benefits such as cash gifts, an increase in sales credit, and non-monetary benefits such as leave with pay, all-expense-paid services, and certificates and recognition.Implications/Originality/Value: So, it is concluded that the Compensation Practices is essential in increasing work productivity within the organization, providing fair compensation to employees, improving their performance, and keeping them motivated, which is an excellent advantage for the business.

Keywords: Compensation Practices; Employee Performance; Employee Satisfaction; Compensation Policies (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/2842/1662 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:src:jbsree:v:9:y:2023:i:4:p:473-482

DOI: 10.26710/jbsee.v9i4.2842

Access Statistics for this article

More articles in Journal of Business and Social Review in Emerging Economies from CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Dr. Ghulam Shabir ().