Compensation and Benefits Plan Analysis - 1373 Words

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The motivational strategies developed by most companies refer to financial motivation, but also to other types of compensation and benefits that can stimulate employees work improvements (McNamara, 2010). Such compensation and benefits usually refer to bonuses, paid vacations, public acknowledgement of results, paid subscriptions to health and fitness clubs, training programs intended to improve employees skills, and others. There are numerous types of compensation and benefits that can be addressed, but the motivational strategy must developShow MoreRelatedCompensation Of Memorial Hospital Savannah1075 Words   |  5 PagesCompensation Packages- Memorial Hospital Savannah HR is the one responsible of the development of the organization compensation system and of the development of the pay structures, programs and policies.an effective compensation system will be focused on compelling with the law, cost-effectiveness, provide equity in all aspects and enhancement of the organization (Flynn, 2015). Compensation packages can include bonuses, benefits like health insurance, retirement benefits, paid time off, and professionalRead MoreStrategic Compensation: Excellence and Plain Mediocrity1694 Words   |  7 PagesThere is a clear business case for strategic compensation. 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