Summary |
This text also views compensation basically from the employer’s point of view. Any element of the reward system that has an associated financial cost to the organization is viewed as part of the financial component of the system, whereas those elements that have no financial cost and, in reality, are elements that provide intrinsic or psychic rewards to the employee comprise the nonfinancial component of the system. This definition is not as clear-cut as it may first appear as there is truly a very board, grey area between the black and white, or between the financial and nonfinancial components.
The contents of the book includes below:
Part One – Work and Rewards: Concepts and Process
Part Two- Tools and Techniques: The Mechanics
Part Three- Influences and Regulations: Security and Performance
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