Ini soalan paling asas untuk subjek ini. Ia nak cerminkan compensation management bukan bab DUIT sahaja. Tapi kalau bab duit pun ada yg DIRECT dan INDIRECT.
The three types of compensation systems are discussed in detail below.
- Direct Monetary Compensation
Direct monetary compensation refers to payment in the form of cash. It includes basic salary, bonus, overtime pay, commission, profit sharing and cost-of-living allowance [COLA]. - Indirect Monetary Compensation
Indirect monetary compensation is a type of employee benefit, whether mandated by law, or given by the organisation, as a form of employee appreciation. examples are: paid leave (statutory holidays and annual leave), insurance plans (medical, dental and life), guarantee plans (retirement and disablement) and employee services (education aid and recreational programme). - Non-monetary Compensation
Non-monetary compensation is related to the work environment, and the physical and psychological state of the employee. Examples of non-monetary compensation are the heightening of an employee’s pride and dignity through the employer’s recognition of his efforts [bagi sijil penghargaan, tampal foto 'employee of the month', dll] and the increase of satisfaction for a particular job that the employee undertakes.
kalau soalan ni tak keluar pun tak apa sebab, at least kita tau apa itu compensation management.
