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Chapter 1 The Pay Model
Contrasting Perspectives of Compensation Society’s Views Stockholders’ Views Employees’ Views Managers’ Views
Compensation: Definition ,[object Object],[object Object],[object Object],[object Object],[object Object]
Compensation: Definition (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Compensation: Definition (cont.) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Is Compensation? Compensation refers to all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship
Forms Of Pay ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Pay Model ,[object Object],[object Object],[object Object],[object Object]
Exhibit 1.5: The Pay Model

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