Employee Compensation and Benefits
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Description
Compensation and Benefits
ECPI University
Compensation and Benefits
Human Resource Management Coures
Employee compensation and benefits are critical factors in the new hire acceptance process and in employee retention. Firms must develop and offer exceptional compensation and benefit programs to attract and retain the best and most talented employees while making them feel proud, valued, and as appreciated members of the organization. An organization's fundamental purpose and objective of compensation is to provide appropriate and equitable rewards to employees at a level that matches their skills, abilities, and contributions to the organization (DeNisi, Angelo S., Griffin, Ricky W. 2008, p. 284, para.1). Compensation is the human resource management function that deals with...