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Compensation and Benefits - Coggle Diagram

- - - - Organizations are created to give and receive benefits, to satisfy needs or wants
    - - As shown in the figure, the total compensation of a total compensation of an employee has two components.
    - - There is no doubt that an employee's salary determines his purchasing power.
    - - Whoever exercises in an organization the administration of the compensation system, whether his position is Human Resources Manager, Personnel Manager, Boss, Owner, Human Capital Manager or whatever, must take into account the following
        objectives when developing, maintaining and improving the compensation system (one that includes both direct and indirect compensation).