Objectives of Compensation Planning to Employees

Question

What are the objectives of Compensation Planning to Employees?

Answer 1

Objectives of Compensation Planning to Employees are:-

i. Employees are paid according to requirement of their works those are highly skilled jobs are paid more compensation than low skilled works. This eliminates inequalities.

ii. The chances of favouritism are minimised.

iii. Jobs sequence and lines of promotion are established wherever they are applicable.

iv. Employee’s moral and motivation are increased because of the sound compensation structure.