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What are some of the major changes that are occurring in terms of overall philosophy of compensation administration?
Social Exchange Theory
A theoretical perspective that explains social change and stability as a process of negotiated exchanges between parties.
Kin Selection
A theory in evolutionary biology that proposes an organism will behave in a manner that increases the genetic success of its relatives, even at a cost to its own survival and reproduction.
Altruism Theory
A theory suggesting that humans are capable of selfless acts done for the benefit of others without personal gain.
Social Exchange Theory
A theory suggesting that social behavior is the result of an exchange process, aiming to maximize benefits and minimize costs.
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