BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Employees
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Stakeholders
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Pressure Groups
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Suppliers
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Detailed explanation-1: -Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.
Detailed explanation-2: -Employee compensation refers to the benefits (cash, vacation, etc.) that an employee receives in exchange for the service they provide to their employer. Employee compensation is generally one of the largest costs or expenses for any organization.
Detailed explanation-3: -Compensation could be given to employees in the way of wages, salaries, benefits, bonuses, paid leaves, pension funds, stock options, equities, or any other form of payment for their contribution towards the business’s growth.