eXPLAIN ,w hat role do fringe benefits play in shaping an organization's broader compensation strategy and total rewards program
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eXPLAIN ,w hat role do
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- Elabora te how fringe benefits contribute to a company's overall compensation strategy and total rewards program?1. Describe the components of total rewards. 2. List the strategic decisions that can guide the design of compensation practices.Discuss with the business 3 job evaluation methods utilized to determine compensation strategy. Include advantages and disadvantages of each method.
- how do fringe benefits contribute to a company's overall compensation strategy and total rewards program?In what ways may legally required benefits have contributed to an employee entitlement mentality regarding discretionary benefit offerings?enumerate... Under what conditions, employee participation in pay -related decisions can contribute to the success of an incentive pay plan?
- . Enumerate in what ways can employee rewards programs be leveraged to enhance employee well-being, mental health, and work-life balance in today's dynamic work environments?What are the implications of implementing non-monetary forms of recognition and rewards as part of compensation packages?Evaluate and discuss how job design influences motivation. Identify and describe some of the major approaches.
- What are some of the ethical challenges related to executive compensation or pay linked to employee performance?Describe, What are the potential ethical implications of certain compensation practices, such as performance-based pay or incentive structures?Evaluate the argument that “High-powered incentives is superior to low-poweredincentives in CEO compensation design”.