Compensation and Benefit Systems: challenges when determining compensation

Name Instructor’s name Course Date Abstract Contingent workers are part and parcel of any company worldwide. They make part of the temporary workers, part-time workers, and interns too. Even though they work les hours and are paid les than the core workers they are vital in that they contribute to overall performance of the company in general. They are usually required mostly when the work loads increase and in the performance of training for future employment and improvement of workers skills in place of interns. Compensation and Benefit Systems Contingent workers sometimes lack commitment to the company as compared to the core workers and they pose a security risk as they have a very high turnover. They also lack specific skills for the needed jobs. There might be low morale and resentment in the workforce thus slowing down production or service offered by the workers. The workers may find it difficult to integrate as they are resented by the cores for their lack of skills. They therefore, will be overlooked making cooperation impossible. Tel...