Compensation and


Compensation and Benefits 1. What is the relationship among money, labor cost, profitability and knowledge in the modern democratic capitalistic society? Compare and contrast this relationship with that of a socialized or communist society. How has this relationship impacted you personally? What suggestions or recommendations can you offer? 2. Distinguish between monetary and in-kind payments. Describe the relationship between compensation and noncompensation subsystems of the reward system. Describe whether monetary and in-kind payments are sources of motivation? If they are not, defend your answer?

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Management Theories: Compensation and
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