Compensating Employees

Compensating Employees - Compensating Employees...

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Compensating Employees Employee  compensation  refers to all work-related payments, including wages, commissions,  insurance, and time off.  Wages and salaries are the most obvious forms of compensation and are based on job evaluations  that determine the relative values of jobs to the organization. Under the hourly wage system,  employees are paid a fixed amount for each hour they work. The system is generally used for lower  skilled occupations. Salaried employees receive a fixed sum per week or month, no matter how  many hours they work. Most professional positions are salaried; the reality is that these jobholders 
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This note was uploaded on 11/18/2011 for the course MGMT 4375 taught by Professor Eixmann during the Fall '11 term at Texas State.

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