Professional Documents
Culture Documents
Educ 308 Reflection 3
Educ 308 Reflection 3
COLLEGE OF EDUCATION
Graduate School
The monetary value received by a team member in return for their work is
known as compensation. Wages, salaries, commissions, and bonuses can all be
included in this monetary value. Meanwhile, benefits are non-financial, extra
bonuses or prizes offered by a corporation to a team member. Even when a team
member doesn't receive any money, some benefits may still have monetary value.
In her report, Ms. Manggad discussed the structures for compensation such as
step structure which is a tenure-based step compensation structure largely takes into
account an employee's length of service. Employees that are devoted to the company
and the industry are rewarded through pay steps.
The Department of Education has pushed its efforts to increase the salaries of
teachers. President Ferdinand R. Marcos Jr. has already directed the Department of
Education (DepEd) to conduct a study regarding a long-term strategy on how to
increase teachers' salaries, in addition to the pay increase they receive under the
Salary Standardization Law. This is part of his commitment to fulfilling his campaign
promise of a salary increase for teachers.