Wage payment systems

This thesis reports on how companies compensate
employees. It deals with the factors that influence direct
and indirect compensation and what special benefits and perquisites
are made available to wage and management employees.
A multiplicity of influences plays upon any determination
of wages for the individual and the organization.
These forces vary so in their impact that any static approach
to wage criteria is misleading.
The executive employee's compensation must contain
both financial and non-financial elements designed to supply
the urge, stimulus, and encouragement to improve profit performance
and enhance the growth, expansion, and progress of the company.
Since each form of compensation has both advantages
and disadvantages they must be carefully weighed if they are
to meet the short-term and long-term objectives of both the
company and the employee.