Compensation and Benefits

Compensation and Benefits

Introduction

Men's Wearhouse is a men's dress apparel retailer in the United States. The company founded in 1973 by George Zimmer. Compensation and Benefits plan is the part that outlines the pay structure, benchmarking activities, profit or gain sharing, monetary as well as non-monetary benefits, environmental factors and the issues faced by organization in this domain (MensWearhouse.com, 2013).

Discussion

Monetary and Non-Monetary Benefits

Formal Pay Structure

Men's warehouse have attractive salary package in order to retain and to attract employees. Additionally it adopts commission structure and bonus system for the sales persons based on the performance (MensWearhouse.com, 2013)..

Non-monetary Compensation

Men's Wearhouse have ...