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Compensation System Pay Plan

Question

Compensation System  Pay Plan

Solution

Title: Compensation System Pay Plan
Length: 2 pages (747 Words)
Style: APA

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Executive summary

Compensation is the most important and necessary tool that business owners can use to attract and keep highly qualified employees as well as loyal customers. Research has shown that, workers’ morale and motivation are directly related to the relationship between the employers and the employees. Employers need to pay the employees enough money to sustain their needs. Money is a reward tool that has been internationally recognized as the means through which employers, customers and employees exchange services (Gerhart & Milkovich, 1990).

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