The term human resources are variously defined in political economy and economics, where it was traditionally called labor, one of three factors of production. Its use within corporations continues to define common conceptions of the term.
As the new HR director I will make it my goal to work for better benefits for the employees. Compensation is payment to an employee in return for their contribution to the organization, that is, for doing their job. The most common forms of direct compensation are wages, salaries and tips. Employees have certain monies withheld from their payroll checks, usually including federal income tax, state income tax, FICA (social security) contributions, and employee contributions to the costs of certain benefits (often medical insurance and retirement). Indirect compensation includes insurance, retirement and paid vacation, holidays, and sick days.
I really had a problem with employers that gives percentages of pay raise. After much discussion and researching I have learned that some employers pay a big percentage of indirection compensation "retirement" benefits.
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