1.6: Introduction to Types of Compensation
- Page ID
- 80798
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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.
Contributors and Attributions
- 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