answersLogoWhite

0


Best Answer

Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view.

From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are some of the goals of a good compensation package?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What are some items a compensation should accomplish?

A compensation's main purpose is to reward good work. It motivates employees to achieve out of expectations. Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view. From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded .


What should be the goals of any company?

The obvious one is, make moneyother goals that include;Having a good amount of customersPaying a reasonable amount of money to workersSave some money to upgrade the look of the business to make it more appealing to customersTo be welcoming and make people feel safe and comfortableBe good at what you do/ make and make a beneficial difference to our society


How much do Capital IQ users pay per year?

It depends on the package you get, ie what features you need. You have to pay extra for some things, such as knowing the identity of the analysts behind stock ratings. Our company's package, which is a good rate due to the recession, is $20K for one license or $30K for 3, per year.


Where can one find loans with no credit?

There aren't a lot of companies out there that offer a loan without some sort of compensation. If it is a small amount of money that you want to loan, ask a good friend or a family member. Just make sure to pay them back!


What documents are notarized in a mortgage loan package?

Depends on the lender and their document package. Here is a list: Deed of Trust & Grant Deeds Name Affidavit Occupany Affidavit Note (some require this)

Related questions

A compensation package is?

Whatever you are given in exchange for some legal right, usually the legal right to seek compensation for premature termination of employment.


What is the typical compensation and benefits package for a minimum wage restaurant worker?

Some typical compensation and benefits for a minimum wage restaurant worker are tips which can be given by those who believe they have gotten good service from the worker, discounted meals, or paid leave days, and insurance fromt he restaurant.


What are some items a compensation should accomplish?

A compensation's main purpose is to reward good work. It motivates employees to achieve out of expectations. Ideally, a good compensation package will make a employee feel properly rewarded. It should be in proportion to the personal level of achievement the person felt he or she has achieved. This would be from the employee's point of view. From the executives' point of view, the compensation package would cost the company as little as possible yet still make the employee feel properly rewarded. Yet it should not make the employee feel fully rewarded, and thus breeding greed. It would make the employee feel rather inadequate and that he or she would need to work harder to get properly rewarded .


What were Benjamin Franklin's goals?

His goals were to be good at some things and to invent thing's (i think)!!


What are some good life goals?

There are a few life goals that may would consider to be good goals. For example, one may consider getting married and raising a family as a good goal to achieve.


How do you write a letter for a car dealership stating you live at work where you pay no rent or utilities?

Explain that room and board are part of your compensation package. For some jobs, such as nanny or housekeeper this would not be unusual.


What are some good websites to find work for compensation?

To find work for compensation, you can try Snag a Job for hourly wages, or the more sophisticated career website engine, such as Monster. Hope that helps.


Where are some good holiday package deals?

The specific holiday package deals that are available will depend a lot on the actual holiday and your general location. www.travelocity.com/ is a good source for searching package deals. Local travel agents may also have packages available for them to use.


What are you looking for in total compensation?

Its different per company/country and can be different inside of one company and the different countries that company is in. However, in the US it is typically Base Salary + Short Term Incentives (Bonus) = Total Cash Compensation. Total Cash Compensation + Long Term Incentives (Stock, etc.) = Total Direct Compensation (aka Total Compensation) Other calculations can be used to determine and factor in health benefits, retirement, and other 'compensation'. But as mentioned, these calculations will be different in different countries, but the above calculations are standard.


What are some research goals for the Atlantis space shuttle?

there were some good ones but they shut down so there gone


Which company provides best workers compensation?

There is really no best company that provides workers compensation. The compensation varies by state and there are some states that have been known to have poor workers compensation such as California.


What goals have your achieved in your career?

Im working as a receptionist,please I have no idea what are the goals to achieve for my possition for the next review period.. please give some a good answer ..