Compensation and Benefits

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

Kadir, A.A., Alhosani,A.A.H., Ismail,F., Sehan,N. (2019). The Effect of Compensation and Benefits Towards Employee Performance. ACHITS 2019.