Human Resource Management - Compensation, Benefits, Incentives Essay

Human Resource Management - Compensation, Benefits, Incentives - Essay Example e that incentives and benefits do very little to persuade a candidate to accept an organizations employment offer if baseline compensation is slightly below the candidates expectations. Of course, each person will try to get a salary that is higher. However, even young candidates will consider benefits and incentives. For instance, a person may be offered an hourly rate that is lower than he/she wishes. However, with free or discounted lunches, longer breaks, a kind manager, flexible hours, accessibility to work (distance), whom he/she will be working with (age group, environment), what he/she will be doing (perhaps working in an area or subject that he/she enjoys), etc. even the younger person will focus on these things and will realize that the benefits/incentives add to their quality of life. IF the younger person does seek the higher salary, eventually the extrinsic values of a job such as money will not be the overriding factor. He/she will eventually want more out of life if he/she is not happy with who they are working for, does not get discounts, enjoyable working atmosphere, etc. and will seek those things in a job. He/she will eventually quit the job and seek the intrinsic values. That is why younger people do not usually stay with a job for an extended amount of time. They move on. Of course, there are always exceptions to the rules but we humans will seek intrinsic values more even if it’s only internally. Look at the very wealthy people; i.e. movie stars. They have all the money in the world and yet file bankruptcy, have broken relationships, do drugs, get in trouble with the law, etc. They want more. It is true, younger people will look at baseline pay first. However, if the baseline pay is â€Å"slightly lower† as the very opening post stated, they will also look at the incentives/benefits even if the benefits aren’t so great. As stated in my earlier posting, if the pay is good but the other factors, which are called intrinsic