Please describe the following in detail? It can be attached as a separate file. I want a clear understanding of these topics because I cannot seem to grasp them.
Problem 1: Why is it important to be thorough in an offer letter?
Problem 2: What is the offer letter's function in regards to compensation and benfits over time versus using it as a contract for employment?
Problem 3: What are some of the retention programs designed for non skilled workers such as golden handcuffs, long term incentive agreements, stock options, bonus plans, oprofit sharing, etc.
Problem 4: Explain how retention programs vary across organizations.