Compensation Research Paper Example | Topics and Well Written Essays - 250 words

Compensation - Research Paper Example This is about making the employees feel that they are precious to the company and the years that they have spent serving the company are valued. The main intention of laying out a compensation plan is to make the employees feel appreciated and esteemed, and my plan definitely achieves the aim. This is a form of indirect compensation. There are many intrinsic and extrinsic factors that motivate the employee to show improved performance and productivity. Intrinsic factors include considering each employee individually and sharing a good communicative platform with him. Such an employee is easily satisfied with job outcomes and this is enough for his motivation. Some employees need external motivation in the form of rewards and compensations. Flexible scheduling strategies are very effective in employee motivation and include job sharing, compressed work sheets, part-time hours, and flexible deadlines. When employees feel that the work schedule is flexible and they can choose their star ting and ending hours, they stay stress-free and this boosts their morale.