Compensation and Benefit Systems

John Kempton

Chapter 3 in Human Resource Management and Development, 1995, pp 51-69 from Palgrave Macmillan

Abstract: Abstract Organisations have to compensate their staff for using their time and expertise for the furtherance of the organisations’ objectives. Paying for effort, or performance is the Nirvana that many managers have searched for. Managers are required to distinguish the exceptional contributors from the ordinary and find out what it is that motivates them to produce exceptional effort or performance, and then to reproduce it.

Keywords: Human Resource Management; Pension Scheme; Benefit System; Profit Sharing; Basic Salary (search for similar items in EconPapers)
Date: 1995
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DOI: 10.1057/9780230374799_3

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