Question

Which component of the compensation is most essential to motivate executives to lead companies toward competitive advantage? Discuss your rationale.

Answer 1

Employee Compensation:

Compensation refers to the financial and non-financial rewards given to employees for the work they have done for a business or company. Compensation is usually one of the largest employee-related expenses a business incurs. Compensation is more than an employee's regular paid wages and salaries. It also includes many other types of benefits and wages.