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What are the factors to be considered in deciding a compensation plan?
Manoharbchitimilla
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Factors influencing compensation plan and policies?
The factors influencing compensation plans and policies include organizational provisions and government regulations. It also includes equity considerations, union pressure, and organizational positions.
How does one develop a compensation plan for injured workers?
People who are in-charge of developing a compensation plan for injured workers usually have to consider different factors such as: Injuries covered by the law like physical, mental, accidental, and occupational disease, who are covered by the worker's compensation law and what is the uninsured employers fund.
Why would a deferred compensation be needed?
Deferred compensation is when an employee is paid some of his wages at a later date instead of when it is owed. One would get deferred compensation when one has a pension plan or a retirement plan.
Define the meaning of a deferred compensation plan?
The phrase "deferred compensation plan" is defined to mean a compensation package in which the recipient will receive the funds at at future date. Examples include pensions and retirement plans.
What are the factors for effective wage administration?
There are two major factors to consider for effective wage administration. First one must consider the compensation plan. This includes deferred compensation and incentive plans. Second, one must consider an integrated system of job analysis, job description, job valuation and performance evaluation.
What represents employees total compensation plan?
Salary's and benefits
Explain the Amway compensation plan?
attend an info session
What is the definition of a total compensation plan?
salary and benifits combined
Is binary marketing plan banned in India?
No. The only country that has banned any form of binary compensation plan is Singapore. China and Nepal has banned all forms of multilevel compensation plans.
What is the usefulness of plan?
A compensation plan is a form of deferred compensation, which is income paid to an employee at a specified date after it was earned. Examples include pension plans, 401k retirement accounts, and stock options.
What is a health insurance plan for workers injured on the job?
Workers Compensation
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.
