Financial Rewards: Base pay and contingent pay: Base pay refers to an employee's fixed salary, whereas contingent pay includes bonuses, commissions, and other performance-based incentives. Base pay: The base pay should be competitive, fair and equitable, considering the employee's skills, experience, and performance. Contingent pay: The contingent pay should be linked to the employee's performance, contribution to the organization, and achievement of targets and goals. The contingent pay should include bonuses, incentives, and profit-sharing schemes. Benefits (Mandatory and Discretionary): Mandatory benefits include things like health insurance, whereas discretionary benefits include things like flexible work schedules. Benefits: Mandatory benefits: The organization should provide mandatory benefits such as health insurance, retirement plans, and other legally required benefits. Discretionary benefits: The organization should also offer discretionary benefits such as flexible working hours, vacation days, and other benefits that increase employee satisfaction and retention. Work experience includes things like job security, work-life balance, and opportunities for advancement. Work Experience: The organization should provide a supportive work environment, growth opportunities, and challenging work to provide employees with a positive work experience. The organization should also provide opportunities for career advancement and professional development. Recognition, Achievement, and Growth: The organization should recognize and reward employees for their achievements, performance, and contribution to the organization. The organization should also provide growth opportunities and career development plans to enhance employee engagement and retention. Learning and Development entails providing opportunities for employees to learn new skills and improve their performance. Learning and Development: The organization should provide training and development opportunities to employees to enhance their skills, knowledge, and performance. The organization should also provide opportunities for career development and advancement.

Justify the prev recommendations considering external influences:

- External Influences:

Legal/regulatory issues

Cultural influences and practices

Competition in the market