The disadvantage of a compensation would be not receiving any kind or amount of compensation and you would not have anything in your hand.
The benefit would be in receiving an amount of compensation for any reason or purpose and having some usable amount in your hand that you can use for all of the necessary living expenses and any thing else that you would to choose to use the compensation plan amount for.
Compensation management revolves around giving performance reviews and raises to employees based on a specific incentive plan. Disadvantages to this method include the amount of time involved and the cost to the company.
What are the common Compensation Management practices
What is the Disadvantages of Management Information System?
Advantages and disadvantages of classical management theory?
Compensation management refers to a set of policies implemented by companies to ensure that workers are paid fairly. This is because salaries account for the majority of an organisation's expenditure.
Joseph J. Martocchio has written: 'Employee benefits' -- subject(s): Compensation management, Employee fringe benefits 'Research in Personnel and Human Resources Management, Volume 25 (Research in Personnel and Human Resources Management)' 'Strategic compensation' -- subject(s): Compensation management
What are the employee compensation techniques
Staffing, performance, appraisal, compensation, and benefit
Challenges of MNc
What are the advantages and disadvantages of dedicated device management?Read more:What_are_the_advantages_and_disadvantages_of_dedicated_device_management
When discussing compensation management, one can expect to go through the details of how to properly reward people for the amount of work they have done, or how to give them compensation for something that has hurt them in some way.
The advantages of compensation management software are managing compensation easily, assure data integrity, Increase insight with metrics, eliminate manager bias, and to maintain your best employees and avoid overpaying your worst employees.
vertical management versus horizontal management