Compensation and Benefits vs Employee Performance
Compensation, also known as direct compensation, usually provides monetary value to employees for their work and service.
Benefits, usually given as non-monetary reward, are indirect compensation.
Types of Compensation
- Remuneration
- Allowance
Types of Benefits
- Promotion
- Incentive
Measurement of Employee
Performance
Triachy Model
1. Adaptive Performance - ability of the individual to change his
behavior to a new environment
2. Task Performance - job skills, task habit, ability to handle
multiple task
3. Contextual Performance - activities that make individuals,
teams and organization more effective and successful
References
