Recent human resources compensation surveys indicate that most companies use some sort of incentive plan to motivate employees. The most popular reward programs include bonus systems, profit-sharing and merit pay.
Tag: 3p-compensation-service
3p compensation refers to the important factors that determine employee compensation.
3p in internationally recognized models such as Hay Group and Mercer Ma’raf
Job position
Performance:
Person: The person’s position in career path.
Some of the designed internal models have also put other factors equal to the weight of these basic components of service compensation, which does not have the comprehensiveness and importance of the factors considered in global models such as Hay Group and Mercer.