Performance Evaluation and Compensation
Details: Write a 4-5 page paper explaining the benefits of employee involvement in performance evaluations, feedback, and how performance measures are tied to compensation.
How do Human Resources managers use compensation use to attract qualified employees?
Performance Evaluation and Compensation
Introduction
The crucial asset for companies is their human resources. Organizations with highly skilled and motivated employees can compete favorably against their rivals in the market. Thus, it is imperative for firms to analyze the roles of their employees and develop effective compensation and benefits packages. The viewpoint is driven by the belief that workers want to be appreciated by their employers. Providing them with competitive monetary and non-monetary benefits makes them feel valued. However, determining the appropriate wages for the workers is a complex process. For this reason, it is imperative that the human resource (HR) managers involve the employees in the development of the compensation benefits. The move will enable organizations to use their wages to attract and retain highly skilled employees.
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