answersLogoWhite

0

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.

User Avatar

AnswerBot

2mo 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 compensation strategy?

The factors influencing compensation management are broken into two categories: Internal and ExternalInternalCorporate philosophyCorporate missionBusiness strategyHuman resources philosophy and strategyTotal rewards philosophy and strategyCorporate cultureShareholder expectationsCorporate structureCosts/resource availabilityExternalCommunity cultureCompetitionEconomicsIndustry characteristicsLabor marketLegal/regulatoryTechnologyGlobalization


Explain in detail internal and external factors affecting business environment?

internal and external factors in the organizational environment


Factors that influence compensation and benefits?

Size of the company what effect?


What is the difference between internal and external factors?

In any Company there are Internal Factors affecting the company and External Factors affecting the company. Internal Factors are Management Descisions on what sort of business the company is in, quality of services or stock sold by the company. External Factors affecting the company include the Global Financial Crisis, government policies, and central bank interest rates.


What are the factors that impact recruitment in organizations?

The recruitment function of the organisations is affected and governed by a mix of various internal and external forces. The internal forces or factors are the factors that can be controlled by the organisation. And the external factors are those factors which cannot be controlled by the organisation. The internal and external forces affecting recruitment function of an organisation are:FACTORS AFFECTING RECRUITMENT


What are the internal factors affecting a polytechnic?

What kind of polytechnic. Be more specific there child.


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


List and Evaluate internal and external factors affecting staffing?

globalization,technology,E-Business and SWOT


What are the internal and external factors affecting business expansion?

internalproductionhuman resourcesmarketingavalible financeexternalcompeitiosstate of the market - growth/decline


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 political environmental factors affecting international business?

mainly there are 2 types of factors affecting international business. 1) internal factors 2) external factors 1) internal factors:- internal factors of international business includes political parties,suppliers,buyers,competitors and consumer of respective country. 2) external factors:- external factors of international business are those where you need to examine the whole crietari these are political environment,legal environment,socio-cultural environment,demographic conditions of respective country.