What Is Indirect Financial Compensation? What Are the Three Types

question 125

Essay

What is indirect financial compensation? What are the three types of indirect financial compensation provided by most employers? Give examples of each type to illustrate your answer.

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Definitions:

Constructive Conflict

A conflict that is managed and leveraged effectively to encourage diversity of thought, innovation, and problem-solving.

Superordinate Goals

Objectives requiring cooperation and collaborative effort among groups or individuals who might otherwise be in conflict.

Collaboration

Working jointly with others, especially in an intellectual endeavor, to achieve a common goal through sharing knowledge, learning, and building consensus.

Integrative Negotiation

Win-win negotiation that assumes that mutual problem solving can enlarge the assets to be divided between parties.