Context
Compensation plans are an essential aspect of human resource management. They are designed to attract, retain, and motivate employees by providing them with financial and non-financial rewards. In this discussion, we will explore the topic of compensation plans and employee motivation from a human resource management perspective.
Post a Response
Based on your readings this week, respond to the following:
- Which motivational theory around employee compensation from this week’s reading resonates most with you? Why?
- How might employee motivation and retention differ in positions with job-based pay compared to positions with skill-based pay? Which structure do you prefer? Why?