Compensation and Benefit Systems: Strategic Compensation - a Human Resource Management Approach

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Compensation and Benefit Systems
Executive compensation refers to all collective components that translate to the remuneration package of an organization’s chief executive officers and top level management. When assessing an investment opportunity, the issue of executive compensation becomes a critical component in the success of the investment.
A number of executive compensation plans allow organizations to categorically make choices on which executives to reward for the exchange for their treasured services (Martocchio 134).
The executive bonus plan is a strategy employed by companies to supplement on the benefits of employees and executive officers that they favor. These range from life insurance policy death compensation to monetary value accumulations mainly used as retirement income increments (Martocchio 175). With this type of compensation, companies generally use company funds that are tax deductible to give highly valued benefits t...