The next factor is compensation policies. These policies provide compensation guidelines for a specific company and are created by the Human Resource Manager. The last factor is equity which can be divided into two parts, internal and external equity. Internal equity is when employees view their pay as equal to other employees in the same organization. External equity is when employees view their pay as equal and competetive with employees of other organizations.
Many employers have different benefits for part time and full time employees.
There are also some benefits that are required by law. Worker's Compensation provides sure, prompt income and medical benefits to work-related accident victims or their dependents, regardless of fault. Worker's Compensation laws vary from state to state. Worker's Compensation can be either in monetary form or in the form of medical coverage. There are many different forms of incentives.