Course Solutions Uncategorized Factors Besides Someones Paycheck Wages Salaries Goes Total Compensation Might Someone Tak Q34313978

Factors Besides Someones Paycheck Wages Salaries Goes Total Compensation Might Someone Tak Q34313978

June 27, 2024June 27, 2024| adminadmin| 0 Comment| 6:25 pm
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What other factors besides someones paycheck (wages andsalaries) goes into total compensation? Why might someone take a$40,000 job at a big company versus $60,000 at a smaller company -concerning compensation?

Expert Answer

Factors that candetermine a person’s salary:

  • The first important factor that determines the compensation isthe years of experience, more the experience, higher thesalary.
  • Education: the match between the education & what isrequired for the job is what usually decides the compensation. Forexample, education from a top university can fetch you morecompensation when compared with qualifying from an ordinaryuniversity.
  • Reviews: this is a most important criterion when consideringfor increment or promotion. This
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