In compensation administration,benefits and services seek to satisfy several objectives,including:

Question

Quizplus · Accepted Answer

Benefits and services in compensation administration aim to satisfy three objectives: employee, societal, and organizational. Employee objectives include attracting and retaining talented employees, improving job satisfaction and motivation, and promoting employee well-being. Societal objectives aim to provide social security, improve the quality of life, and promote social justice. Organizational objectives involve achieving strategic goals, enhancing productivity and performance, and managing costs. Therefore, it is essential to consider all three objectives to design an effective compensation package that benefits all stakeholders.

In Compensation Administration,benefits and Services Seek to Satisfy Several Objectives,including