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
factors affecting distribution would be things such as distance, location, nature of the good and seasonality. Be careful not to mix this up with factors affecting the accessibility of the good to consumers.
Factors affeacting entrepreneur
labour
technological factors,economic factors and social cultural factor
few factors of competitor assumptions
what are the factors that effect compensation? what is compensation? job and pay satisfactions?
What effects marketing stratges
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.
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Internal factors that can affect Human Resource Management:- culture and politics- organization size and structure- organization's strategy- type of organization
factors affecting choice of color
factors affecting profit?
factors affecting forgetting
its affects of the economic, political and environmental condition all these are affected the human resource and strategies of the company
Factors affecting self concept
factors affecting cardiorespiratory fitness
what are factors affecting service delivery