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7.3: Introduction to Employee Compensation, Incentive, and Benefits Strategies

  • Page ID
    47689
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    What you’ll learn to do: describe common employee compensation, incentive, and benefits strategies

    Most people work to make a living. In other words, our jobs make it possible for us to buy a home, food, transportation, clothing, and the extras that make life fun. For most of us, the idea of making more rather than less money is compelling—and may draw us to a job or keep us in a job.

    But for many people, money is just part of the larger picture. Some of us choose a particular job because we care about the products, services, or goals of the company. Or we need the generous health and education benefits provided to employees. Some people may choose a job because of its flexible hours, ample paid vacation, or opportunities to grow.

    Employee compensation, incentives, and benefits can be combined in many different ways to suit the needs, desires, and challenges of each company and employee.

    Contributors and Attributions

    CC licensed content, Original
    • Introduction to Employee Compensation, Incentive, and Benefits Strategies. Authored by: Lisa Jo Rudy and Lumen Learning. License: CC BY: Attribution

    This page titled 7.3: Introduction to Employee Compensation, Incentive, and Benefits Strategies is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Lumen Learning via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.