Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins

Exercise 36

Compensation in Tough Economic Times During an economic recession companies are under pressure to reduce costs, and a significant part of total cost for most companies is salaries and wages, including both executive compensation and employee compensation.

Required Review the types of compensation we have covered in this chapter and explain which types of compensation you would reduce if needed to help a company through difficult economic times.

Step 1 of 3

Compensation Management, Business Analysis & Business Valuation:

Compensation management is the demonstration of giving money related an incentive to a representative for the work they do by methods for an organization procedure or strategy. A few sorts of pay incorporate compensation, rewards, and advantage bundles. Organizations use remuneration the board so as to discover, keep, and spur representatives to accomplish quality work.