Although Benefits Are Considered a Part of Total Compensation,benefits Have

question 69

Essay

Although benefits are considered a part of total compensation,benefits have unique aspects that make them quite different from direct compensation.What are those aspects?

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Definitions:

Specific Performance Objectives

Explicitly stated targets or goals that are intended to be achieved within a certain timeframe, often used to measure work performance.

Task Performance

Consists of the quantity and quality of work produced.

Delphi Technique

A structured communication method, usually involving surveys and questionnaires, used for systematic forecasting and decision-making by gaining consensus from a panel of experts.

Rand Corporation

A global policy think tank that offers research and analysis to improve policy and decision making.