5. List the methods for a compensation structure. 6. What other ways are used to determine wages? 7....

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General Management

5. List the methods for a compensationstructure.

6. What other ways are used to determine wages?

7. List the different alternatives of incentive plans.

8. What are employee’s benefits? Explain.

9. Why it is a concern for companies the cost of benefits?

10. List the benefits required by law?

11. What are the options of voluntary benefits?

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5 List the methods for a compensation structure Method for compensation structure includes combinations of following Salary Hourly Wages Sales Commission Tips Stock Options Bonuses Incentive Pay Other Variable Pay Benefits healthcare paid leave etc Nonmonetary compensation recognition meals etc 6 What other ways are used to determine wages Other ways used for wages are Wage differential A wage differential is defined as the additional amount of income that a given worker must be offered in order to motivate See Answer

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