HRM531-My Views on Compensation-Raffy Rosero

Total compensation is viewed differently by each person, company, or any organization. There are three components of total compensation, the first one is direct financial compensation which consists of personnel’s wages, salaries, bonuses, and commission. The second is indirect financial compensation which consists of personnel’s mandatory benefits and voluntary benefits. The third one is nonfinancial compensation which consists of personnel’s satisfaction of the job psychological or physically in where the personnel work. In this paper I will explain the three components of total compensation, what my company doesn’t currently offer for the personnel, recommendations of what I would want the company would offer, organizational goals of my company, and why my recommendations on what the company should offer will collide with my company goals. (Antonio, 2012)
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