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

Question

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

Edition 5ISBN: 0073526940

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

Edition 5ISBN: 0073526940

Exercise 14

What type of management compensation is the fastest growing part of total compensation? Why do you think this is the case?

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Answer 1

Management compensation

Now’s a day’s effective management compensation is must for to retain good or dedicated employees. Proper policies is to be made for its retention and also take advantage from the competitors. There are various forms of compensation to the employees by the company in the form of salary, bonus, and the benefit. Compensation may be paid monthly or weekly.