Determining Employee Compensation
Employment is a transaction, plain and simple. The employee is seeking a number of things, these likely include things like: income, retirement income, mental stimulation, insurance, or being part of a team. An employer has something that needs to get done and not enough people to do it. An employment agreement is reached when the individual believes that the company is offering a sufficient mix of benefits in exchange for their time and effort. We know all this, so why be so explicit in stating it here?