June 2011
Intermediate to advanced
378 pages
14h 11m
English
Content preview from Performance Management Systems and StrategiesBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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DEFINITIONS
Operationally, we can hardly make any differences between the term compensation and wages. Both are intended to price the efforts of the employees. However, the word compensation is used more holistically, to acknowledge the strategic importance of wages. Theoretically, the word compensation means something, such as money, given or received as payment for damages. However, in HR literature, we consider the term from broader perspective, i.e., strategic use of wages paid to employees. Even some organization prefers to use the term rewards instead of wages or compensation. In HR, we do not consider reward just to acknowledge good performance, rather we consider it as strategic design of compensation, so that when employees get it at ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.