A Study to Develop Guidelines for Implementation of Flexible Compensation for Nonexempt Employees

Flexible compensation is a new concept in wage and salary administration which permits the employee to select from the various benefits, and cash, a plan tailored to meet his own needs, limited only by his total compensation and those statutory provisions pertaining to his wages. Within recent years...

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Bibliographic Details
Main Author: Tanksley, Benny Paul
Other Authors: Rachel, Frank M.
Format: Others
Language:English
Published: North Texas State University 1973
Subjects:
Online Access:https://digital.library.unt.edu/ark:/67531/metadc500485/
Description
Summary:Flexible compensation is a new concept in wage and salary administration which permits the employee to select from the various benefits, and cash, a plan tailored to meet his own needs, limited only by his total compensation and those statutory provisions pertaining to his wages. Within recent years, compensation practitioners have been urged in professional journals to adopt flexible compensation as a way to improve their compensation programs in order to attract, hold, and motivate employees. The purpose of this study is twofold. First, the results of this research will provide empirical data on the current status of flexible compensation for nonexempt employees in the United States. Second, the research will contribute toward the development of a set of comprehensive guidelines for implementing flexible compensation programs.