Tri-Cities Tech Business Update
TREN EVENT: Navigating compensation issues to help sail past risks & litigation
January TREN speaker: Sandra Muller
January 17. People most often think of compensation as bonus pay for a job well done, but compensation is much more than just the monetary rewards provided by an employer. According to Milkovitch and Newman in their book, "Compensation", it is "all forms of financial returns and tangible services and benefits employees receive as part of an employment relationship." This can include salaries, incentives, insurance, paid vacation and sick days, pension plans, and employee discounts. An organization's compensation practices can have far-reaching effects on its competitive advantage. To remain competitive, companies must find ways to control labor costs. January's Three Rivers Entrepreneur Network (TREN) meeting will focus on key areas of the compensation plan, what to watch out for, and hot compensation topics. Read more...
