HRMG 725 Finance of Compensation and Benefits

What is compensation? Compensation represents both the intrinsic and extrinsic rewards employees receive for performing their jobs. Together, both intrinsic and extrinsic compensation describes a company’s total compensation level. Intrinsic compensation reflects an employee’s psychological mindsets that result from performing his or her job. Extrinsic compensation includes both monetary and nonmonetary rewards. What else?

two paragraphs in length in order to earn full credit. Several criteria must be met in order to receive full credit:  

They must be posted by the due date.  

They relate directly to the weekly discussion question.  

They develop the point with examples and appropriately documented research.  

They do not simply copy another posting or material from another source.  

They show an understanding of the concepts from the textbook.  

They are written clearly and correctly.