~
Chapter 1
Compensation
Pay
The
forms
wall
Model
of
financial
and
returns
tangible
and benefits
services
that
employees
.
part of an employment relationship
:
Referent
Respectives
receive
as
&
↳
Society
-view
will
performance
granting
,
stakeholders
-
i
·
paying
. e .,
debate
·
first
time
gap)
pay
partly
are
function
a
of relative
labour costs
will
in
turn
a
stakeholder
increase
ownership
create
can
that
ownership
wealth
and
weath
stakeholder
dilutes
of
sense
sometimes
may
not
.
on
an
interest
the
basis of
compensation
company performance
and
pay
used ,
not
is
in executive
company performance
execs
may
use
such
measures
linked
.
strongly
are
their influence
shareholder return
as
to obtain
high
pay
without
necessarily
well.
Managers
perspective
-
comp
is
.
comp
·
used
be
can
managed
be
must
employees'
to influence
quality
impacts
pay
expense that
major
a
-
↳
execs
method
paying
↳
gender
.
e
employees
pay
much
whether executive
:
if this
·
too
have
also
to
which
employees
the behaviour
incentivize
over
.
countries
.
across
(company shares)
improve
however
-
country
a
(I
justice
(shareholders)
stocks
using
-
within
productivity)
Stockholders
of
measure
a
losses/gains
land
↳
as
pay
job
-
work, attitudes
of
and
attitudes
,
and
behaviours
be innovative,
interest in
to
improve
organizational performance
.
unions
.
Employees
-
major
comp
-
-
plays
.
be
viewed
as
an
incentive
if
not
-
English
China
Vital role
as
an
viewed
:
comp
viewed
:
(wages
,
security
in
as
exchange
a
a
Rewards
as
benefits,
in
a
to
employer
job
and
it is
viewed
,
and
as
performing
invest in
as
well-being
themself,
return
a
well
on
or
,
Fregardless
for
entitlement
as
being
an
something"
that
something
company,
dai
opportunities
Chonorific)
recounterbalances ormakesup forsomethinge
a set
you
etc)
,
and
so
now
it
viewed
is
addresses
family housing commuting
,
as
teater
well
as
.
the word
"taking
care
and other financial
allowances ,
,
entitlement
substitute
no
(concept
the
investments/contributions
:
,
of
employee
performance
of
reward
a
Kynyou "giving something" ; business consultants try to
with notion of
association
hou-syle reward with
superiority;
Japan
-
of
Entitlement
·
necessity ;
training
and social
economic
between
reward,
refers
-
person's
a
take/stay
to
Returns
·
Views
Global
-
a
can
-
financial
of
source
needs
OF PAY
FORMS
-
TotalCompensation
stock
-
and
-
benefits
.
the complete
(base
pay,
Relational Returns
~psychological
Ci
.
e
.,
learning
↳ Total
opportunities,
Rewards
returns
.
~
all
pay
merit increase,
returns
recognition
rewards
package
received
for
employees ,
incentives, stock
,
employees
believe
pension
they
,
healthcare
,
,
,
in
receive
challenging work etc )
by employees including cash comp
and status,
all
including
the
forms
of
pay,
life insurance. )
workplace
.
.
,
benefits
,
and
relational