What you’ll learn to do: Discuss various types of compensation
Prior to developing a compensation policy, human resource professionals should develop an understanding of the nature of rewards. In this section, we’ll discuss the connection between compensation and motivation, differentiate between intrinsic and extrinsic rewards, and discuss types of compensation, factors affecting compensation, and methods of developing a pay structure.
- Introduction to Types of Compensation. Authored by: Nina Burokas. Provided by: Lumen Learning. License: CC BY: Attribution
- Authored by: kschneider2991. Provided by: Pixabay. Located at: https://pixabay.com/photos/money-money-tower-coins-euro-2180330/. License: CC0: No Rights Reserved. License Terms: Pixabay License