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Describe briefly what is compensation and reward system in an organization?
- CKRT SQRLLv 51 decade agoFavorite Answer
Ever heard of the "Carrot on a Stick" (cksq)
- Anonymous1 decade ago
This is the phony catch-phrase words used to justify high C.E.O. pay packages.
They copy off each other, as follows:
"We have to remain competitive in order to attrack and retain best management prospects".
Every C.E.O. is paid too much, and they distort this by showing modest salary compensation of only several hundred thousand dollars, but the stock options and "golden parachutes" show millions upon millions of bucks being paid EVEN when the corporation they run isn't profitable!
A sham you say?
Rap on brother, rap on!Source(s): I chart stocks daily and read hundreds of annual reports
- malcyLv 61 decade ago
It's just an upmarket wat of describing a persons pay structure.