Research Paper on:
Management of Compensation Situation

Unformatted Sample Text from the Research Paper:
English Dictionary as "Something, such as money, given or received as payment or reparation, as for a service or loss". In the modern world this can be most apply applied  to the way in which workers are compensated for work they undertake. In may cases we ,ay sere this as their wages  or salary, however, compensation is greater than simply the monetary value of the payments, but the entire remuneration and also relates issues. The management of these can be seen to  increase the returns in terms of a cost benefit analysis, as well as to manage potential costs that are associated with businesses. Other forms of compensation may be seen  to take place for losses, in many instances these cannot be foreseen or managed in the same way. The subject of compensation  management is that of managing the entire remuneration and potential compensation. If we consider how payments are made we can see that there are different trends depending on the job  type and the culture and attitude of the management of a company. There also appear to be large division in the type and design of compensation dependant on the level  of employments status. The way that a compensation system is set up will depend on many aspect, including the legal environment and  the culture of the company and the commercial environment. If we look at the Anglo American economic model it is becoming more normal for individual salaries to be negotiated on  the contribution and perceived value of the individual employee. The theory is that those who contribute the most are better rewarded in order to better motivate better performance (Huczyniski and