answersLogoWhite

0

The factors influencing compensation management are broken into two categories: Internal and External

InternalCorporate philosophy

Corporate mission

Business strategy

Human resources philosophy and strategy

Total rewards philosophy and strategy

Corporate culture

Shareholder expectations

Corporate structure

Costs/resource availability

ExternalCommunity culture

Competition

Economics

Industry characteristics

Labor market

Legal/regulatory

Technology

Globalization

User Avatar

Wiki User

13y ago

What else can I help you with?

Related Questions

What are the external factors affecting compensation?

what are the factors that effect compensation? what is compensation? job and pay satisfactions?


Factors affecting marketing strategy?

What effects marketing stratges


What are the internal factors affecting compensation benefits?

Internal factors affecting compensation benefits include the company's overall compensation strategy, organizational structure, and budget constraints. Employee performance and skills also play a crucial role, as organizations often tailor benefits to attract and retain top talent. Additionally, the company's culture and values can influence the types of benefits offered, such as work-life balance initiatives or professional development opportunities. Lastly, market competitiveness and internal equity among employees can shape how compensation packages are designed.


Determine factors affecting decision implementation in an organization?

what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making what are the factors that affecting decision making


What are the internal factors affecting HRM?

Internal factors that can affect Human Resource Management:- culture and politics- organization size and structure- organization's strategy- type of organization


What are the factors affecting choices of color?

factors affecting choice of color


Factors affecting profit?

factors affecting profit?


What are the factors affecting forgetting?

factors affecting forgetting


What are the factors affecting HR strategy implementation?

its affects of the economic, political and environmental condition all these are affected the human resource and strategies of the company


What are the factors affecting the self?

Factors affecting self concept


Factors affecting cardiorespiratory endurance?

factors affecting cardiorespiratory fitness


What are the factors affecting service delivery?

what are factors affecting service delivery