Briefly describe a compensation plan that you are familiar with

Briefly describe a compensation plan that you are familiar with

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?