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  3. money is probably the most important reward for ev

money is probably the most important reward for every employee and employers constantly ask themselves how...

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General Management

money is probably the most important reward for everyemployee and employers constantly ask themselves how much employeesshould be paid to remain attracted, motivated and retained in theorganisation.

a) Develop a compensation system that Will attract,motivate and retain the right quality of staff.

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A compensation system is a clear understanding for the employer of how much to pay to the employees for the amount of work they do and for the employees to understand how they will be paid for their work and get motivated by it to perform better A compensation system of an organization should be such that is fair motivating and able to retain employees and also meet the organizational goals A compensation plan should comprise of three elements namely the basic salary and allowances the    See Answer
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