The Critical Role of Effective Compensation Management in the Attainment of Organizational Objectives

Academic Paper from the year 2015 in the subject Organisation and administration - Miscellaneous, grade: 2.63, , course: Organisations & HR Management, language: English, abstract: This paper highlights the fact that not every employee values the same benefits, a potential solution is a flexible compensation program that allows each employee to choose customized benefits from a menu of options known as cafeteria benefits. To derive ultimate benefit from their employees, each organization should realize that there is no "one size fits all". Each organization should strive to achieve the best mix depending on its strategic objectives.