This study source was downloaded by 100000859819779 from CourseHero.com on 02-27-2023 05:47:14 GMT -06:00https://www.coursehero.com/file/34325318/Unit-2-Power-Point-BHR-33O1-pptx/ Unit Two PowerPointBHR 3301 Columbia Southern UniversityThis study source was downloaded by 100000859819779 from CourseHero.com on 02-27-2023 05:47:14 GMT -06:00https://www.coursehero.com/file/34325318/Unit-2-Power-Point-BHR-33O1-pptx/Compensation And BenefitsHistory and Current Statics on Compensation and BenefitsThis study source was downloaded by 100000859819779 from CourseHero.com on 02-27-2023 05:47:14 GMT -06:00https://www.coursehero.com/file/34325318/Unit-2-Power-Point-BHR-33O1-pptx/Compensation and BenefitsCompensation and benefits have been in the American labor force since 1636. The first profit sharing plan in the united states appeared in the late 1700s. During this time, the first marine hospital service was created. The first private pension plan appeared into the united states in the 1800s The first wage payment law and first insurance group policy also appeared around the same time. Around the 1900s, the united states government started developing retirement programs, public health programs among other incentives to motivate the growth in benefits. During this century, the first health insurance policy was introduced as well as compensation of women workers. There was also the introduction of the minimum wage law.This study source was downloaded by 100000859819779 from CourseHero.com on 02-27-2023 05:47:14 GMT -06:00https://www.coursehero.com/file/34325318/Unit-2-Power-Point-BHR-33O1-pptx/Assistant ProfessorAssistant professors, who are the lowest rank on the tenure track, averaged $66,564 annually. Only