Early industrial employment conditions included both male and females employees receiving low and unfair wages, enduring long work hours with no breaks, serving in dangerous job sites, and suffering from discrimination (United States Department of Interior, 2004). Credit in the …show more content…
For many employees, building a company culture that prepares employees for success and motivates them for promotions that provide better pay and job security, while allowing them to exhibit all of the skills learned in lower positions is ranked as more important than wages (De Vos & Meganck, 2009). Compensation, including performance incentives, represents an exchange between the employee and the organization. Although people are paid for the work that they do, they also offer labor services to the employer. In addition, the main function of compensation is to determine and maintain pay levels that attract, maintain, and motivate quality human resources. Currently, economic hardship is limiting competitive compensation and benefits for employees; however, the delivery of career opportunities has a much stronger impact on employee loyalty than monetary compensation (De Vos & Meganck,