Management - employee compensation and organization Essay

Management - employee compensation and organization - Essay Example 232). A manager has to create a balance between these two types of rewards so that it recognizes the employee's motivation. The manager shall not choose it for them. Qn.2 What is the relationship between an employee's salary and his or her feeling of worth Explain your rationale from the viewpoints of an employee and a manager. How can managers create a balance between the two Total words: 250 An employee feels that salary fulfills his basic need and also gives him a feeling of higher esteem (Buelens et al., 2006, Pg. 177-179). An employee views salary as compensation to his skill sets, experience etc. Whereas, a manager, if he is responsible for the cost location, feels that salary is a cost on the organisation. A manager has to set out a balance in providing a salary structure which would mirror the worthiness in the minds of the employee, without jeopardizing the interest of the organisation. In reality, compensation is the one which satisfies the needs of an employee, and it is within its boundaries develops the employee's worthiness. Qn.3 What type of compensation component would you like to have through your employer that is not currently offered Explain your rationale.