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Job Needs. ability to pay cost of living
prevailing wage rates
unions
productivity
state regulation
demand and supply of labour
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoSize of the company what effect?
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Factors that influence compensation and benefits?
Size of the company what effect?
Identify several factors that influence the future pension obligation of an employer under a defined benefit pension plan?
In adefined benefit plan the company pays the employee a fixed annual pension based on a formula. Factors that can influence it are: employee life expectancy, employee turnover, expected employee compensation levels, and investment income on pension contributions.
What are influence factors and benefits of direct invest?
what are the factor and benefits of direct investment
Offering Decent Employee Benefits Attracts Qualified Candidates?
Employee benefits may be one of the most important factors that attract highly skilled and experienced employees to your company. The health of the employee and the family may be the single most important benefit of working because healthcare costs are at an all time high today. That being said, highly qualified candidates may likely turn down a job offer with decent compensation if the company does not provide decent employee benefits. Essentially, in order for a company to attract and retain highly qualified and experienced employees, the company must offer attractive employee benefits for the employee and their family.
What are the external factors affecting compensation?
what are the factors that effect compensation? what is compensation? job and pay satisfactions?
What does good compensation mean?
Good compensation typically means that an employee is paid fairly and equitably for their work, based on factors such as industry standards, job responsibilities, and individual performance. It should provide a comfortable standard of living, reward contributions to the organization, and incentivize continued high performance. Additionally, good compensation often includes benefits such as healthcare, retirement plans, and opportunities for professional development.
What are the main components of a wage structure of an employee?
The main components of a wage structure for an employee typically include base salary or hourly rate, incentives or bonuses, benefits (such as health insurance or retirement plans), and any additional allowances or perks provided by the employer. The wage structure may also take into account factors such as employee experience, education, and performance.
What factors most influence employee performance?
There are basically five areas that are believed to affect an individual employee's motivation and job performance: skill variety, task identity, task significance, autonomy, and feedback.
What are factors that influence supply?
what are the factors that influence supply
Factors outside an organization that influence the effective management of personnel?
The external business environment influences how managers manage their personnel. Another factor that influence effective management of personnel is government regulations, such as employee laws.
What are the factors that influence group?
what are the factors that influence group behavior
What is Compensation Expectations?
Compensation expectations refer to the amount of salary, benefits, or other perks that an individual anticipates receiving for a specific job or role. It may be based on factors such as the individual's qualifications, the industry standards, and the company's budget. It is important for job seekers to have a clear understanding of their compensation expectations to negotiate effectively during the job offer process.
