Briefly describe a compensation plan that you are familiar with. It can be a current or previous plan you have encountered or a plan you have heard about through a peer. While thinking of the plan you are familiar with, also think about the federal laws that apply to compensation tactics.Critique the process by evaluating the following:
- Do you feel compensation is the best motivator to increase employee job satisfaction? Why or why not? If not, what do you feel is the best motivator?
- What types of compensation could increase employee job satisfaction?
- What Federal laws do you think help shape discretionary benefit practices? Why are these laws important to have in place?