Introduction
Compensation and benefit system is a division of the human resource management that is aimed at making policies concerning workers’ benefits. Compensation benefits can be referred as all the benefits that employees receive and are part of the salary, and which is given to employees as a reward for their labor. Compensation benefits can be divided into three major classes. These benefits can either be direct, indirect or non-financial (Lissy, 11). In direct compensation, the company pays its employee in form of salaries, remunerations, commissions and bonuses. In indirect compensation, firms and other enterprises reward their employees in other ...