Objectives of Compensation Planning to Employers

Question

What are the objectives of Compensation Planning to Employers?

Answer 1

Objectives of Compensation Planning to Employers are:-

i. They can systematically plan for and control the turnover in the organization.

ii. A sound compensation structure reduces the likelihood of friction and grievance over remunerations.

iii. It enhance an employee morale and motivation because adequate and fairly administrative incentives are basis to his wants and need.