EMPLOYEE REMUNERATION SATISFACTION

The pay that an employee gets in exchange for his or her service to the business is referred to as remuneration. The importance of pay in the life of an employee cannot be overstated. The compensation he or she gets determines his or her quality of life, social standing, motivation, loyalty, and productivity. Employee compensation is also important to the company since it influences production costs. Furthermore, numerous fights (in the form of strikes and lockouts) occur between the company and its workers over topics such as pay and bonuses. Employee compensation is also an essential element of human resource management. The HR professional has a tough job in determining appropriate salaries and compensation differentials for workers and supervisors. Because wages and salaries are such a hot topic, books and magazines dedicate a lot of space to in-depth studies of wage and compensation issues.