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10.12: Introduction to Types of Compensation

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    47082

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    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.

    Five stacks of silver coins, each stack taller then the last going from left to right.

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    • Authored by: kschneider2991. Provided by: Pixabay. Located at: pixabay.com/photos/money-money-tower-coins-euro-2180330/. License: CC0: No Rights Reserved. License Terms: Pixabay License

    This page titled 10.12: Introduction to Types of Compensation is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Nina Burokas via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.