ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
pay
|
|
|
income
|
|
|
compensation
|
|
|
bonus
|
Detailed explanation-1: -Remuneration is the total amount paid to an employee. It may include a salary or hourly rate, bonuses, commissions, or any other payment. In the view of the IRS, remuneration is the sum total of earnings and other taxable benefits and allowances.
Detailed explanation-2: -What is Pay for Performance? The model of pay for performance is used with compensating employee salaries and is a mature and complex model driving talent retention and boosting employee engagement as compared to the systematic entitlements model.
Detailed explanation-3: -Incentive pay is a financial or non-monetary reward offered to employees for performance rather than the total number of hours worked. Incentive pay is used as a motivational tool to boost morale and ensure employees perform at their best.