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Management Studies

Employee Benefits and Wage Decision
I need help in answering questions on human resources recruitment and retention practises:

1. Organizations offer employee benefits for several reasons. First, they want to be attractive to potential candidates. Second, to increase employee morale.

- What makes up the Employee Value Proposition (EVP)?

- Give an example of an EVP and explain how it makes a company more attractive to a potential employee.

2. Pay is not always as simple as picking an amount to pay an employee. You must factor in a variety of elements to come up with the perfect amount. This is not always agreeable between employer and employee. One approach is to use job-based pay or person-based pay.

- Can you describe the difference between these two approaches?

- How do you choose which one to use and when?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9736141

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