Professional Documents
Culture Documents
HRM Chapter 4
HRM Chapter 4
HRM Chapter 4
Introduction
Responsibility 240
Inspector 20 20 40 5 5 90
Secretary 20 20 35 5 5 85
File clerk 10 5 5 5 5 30
Laborer 5 2 2 17 9 35
4.2 Compensation
Financial Compensation
– Direct Financial Compensation
Salary
Wage
Bonus
Commission
– Indirect Compensation
– Employee Benefits such as insurance, time off, …
– Employee Services such as education, recreation, …
Components of Compensation
Non-Financial Compensation
– The Job itself
Interesting duties and responsibilities
Challenging
Opportunity for growth
Opportunity for recognition
Opportunity for achievement
– The Job Environment
Sound policies
Comfortable working condition
Job sharing
Competent supervision
Trust, respect and cooperation
others
Compensation
Financial Non financial