To put it simply, workers compensation is an
arrangement made for the benefit of the workforce where employers are required
by law to shoulder some of the cost of their employees' occupation-related
injuries, disabilities or life-threatening illnesses acquired in the course
of their work. It is remuneration given to recently injured or unemployed employees
or if the workers themselves are unable to receive and benefit from the payment,
If you get down to the root of things 'compensation' may also mean the payment
for services rendered or material objects provided and produced on demand.
Whichever definition of compensation it is that you might be interested in,
you will find a more than adequate load of relevant information and sites
catering to a wide margin of compensation issues and other HR related topics.
Significant and applicable information is available from using automated
software that can advance your Human Resources section's everyday management
of employees by tracking workload performance and compensation, to getting
a monthly subscription for business magazines that give you an idea about
trends on employee compensation, company benefits and corporate strategies
for managers. You can also take a close look at comparable compensation survey
statistics on more than a hundred standard jobs on the market for reference
or monitor the progress of groups lobbying for certain compensation programs
in the Senate.
Be informed. Get updated and read all about the frequently asked questions
(FAQs) on workers' compensation, featured articles touching on employee compensation
and benefits, payroll data administration, and compensation system designs.