: Compensation, employees, and organization

Abstract

There is a large body of literature on the compensation and benefits offered by organizations today. As
the number of candidates who can meet the requirements and according to the organization's strategy,
most organizations tend to compete with each other by providing better compensation and benefits that
can satisfy the needs and wants of employees. Due to the fact that, employee turnover is considered to be
costly and disruptive which organizations want to avoid it. The discussion elaborated on compensation,
benefits, retention, the importance of employee satisfaction and strategies for retaining employees