CHAPTER OBJECTIVES
Describe direct financial compensation (core compensation), indirect financial compensation (employee benefits). and nonfinancial compensation.
Identify and discuss the components of direct financial compensation.
Review the determinants of direct financial compensation
Describe contextual influences on direct financial compensation.
Discuss how to use job evaluation to build job structures.
Describe various competitive compensation policies.
Exp'ain the use of compensation surveys for job pricing and determining market competitive pay structures.
Discuss compensation for sales representatives.
Discuss compensation for contingent workers
Explain executive compensation and the various features of executive compensation packages.
Sample Solution