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Example compensation systems

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Reference no: EM133182150

Read the three example compensation systems below. Discuss one of these system to demonstrate your knowledge and understanding of a compensation system, of financial and nonfinancial components of such a system, and explain how the system you chose connects to employee engagement and motivation. 

System 1.

Salary plus possible annual performance bonus, paid medical and dental insurance for employee, tuition reimbursement of $5,000 per calendar year.

System 2.

Salary, medical and dental insurance for employee, spouse or domestic partner and children, on site workout facility, 12 PTO days per year, conference reimbursement with approval to two conferences per calendar year.

System 3.

Commission based pay, on site cafe with one free meal per day and unlimited free coffee, on site dry cleaning pick up and drop off, 6 paid days off per year to use for volunteer work.

Reference no: EM133182150

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