Topic

Compensation plan outline for organization employees

Instructions

Discuss the compensation plan outline for organization employees.

Answer preview

In appreciating the employee’s efforts and hard work, companies usually develop compensation plans. Besides compensating the worker’s efforts, an organization also seek to retain the quality and entrepreneurial skills of their employees. Compensation, payment of wages and salaries in companies is not always uniform as compensation goes beyond the mere payment packages (Baker, 1998). Apple Company, which is a corporate business dealing with computer software and hardware has developed a typical compensation plan. The successful application of this compensation plan by the company has placed the organization at a competitive edge of conducting its business.

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