COMPENSATION AND BENEFITS

Compensation and Benefits Strategy



Compensation and Benefits Strategy

Compensation and Benefit Challenges in Creative Products

A company's compensation system operates in terms of cost/benefit that is, the expected result of an investment in return to incentives. Creative Products is a new company, which faces the challenge to provide the best compensation and benefits to its employees with regards to cost. The company provides a range of kitchen appliances and other homecare products. The company needs to plan for higher basic wages, gain sharing or bonus, employee old age benefit and other allowances such as medical reimbursement. In addition, the company ...