COMPENSATION, PROMOTION, BENEFITS AND INCENTIVES

  • Identify compensation plans, benefit packages, and incentive programs available to employees
  • Identify advancement opportunities within an organization
  • Identify issues encountered when determining levels of compensation
  • Discuss policies and procedures used to determine compensation (e.g., company performance, benchmarking, profit sharing, and gain sharing)
  • Establish criteria for promotion decisions
  • Describe the merits of reassignment and promotion versus hiring from outside
  • Assess an employee compensation package (e.g., wages/salaries and benefits)

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