Section 10
Compensation and Motivation
Book
Version 10
By Boundless
By Boundless
Boundless Management
Management
by Boundless
3 concepts
![Thumbnail](../../../../../../figures.boundless-cdn.com/14651/square/minimum-wage.jpg)
Monetary Employee Compensation
Monetary compensation can be either guaranteed (base) pay or variable pay and positively correlates with job satisfaction.
![Thumbnail](../../../../../../figures.boundless-cdn.com/24262/square/urance-status-under-65-yrs.jpg)
Non-Monetary Employee Compensation
Non-monetary compensations (e.g., benefits) are essential in recruiting skilled employees and maintaining a satisfied workforce.
![Thumbnail](../../../../../../figures.boundless-cdn.com/29768/square/comparing_ceo_pay.jpg)
Financial Rewards for Managers
Financial rewards are often used as a tool to motivate managers to perform better.