Have you ever thought that compensation and salary meant the same thing? What is the difference? From your work experiences, what are some examples of different forms of compensation that are a part of your overall compensation package (in addition to salary)? What are some forms of incentive based pay at your employer or that you are aware of at other organizations?
What is the difference between the terms salary, commission, incentives, bonuses, and benefits? Do you think there is a stronger need for extrinsic rewards as opposed to intrinsic? As a manager, how can you create an environment in which the intrinsic and extrinsic rewards are balanced? How do these rewards influence an employee's attitudes towards his or her work performance, loyalty to the company, and general feeling of satisfaction?
350 to 400 words.