ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Membership in the company
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Loyalty to the company
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Always on-time attendance
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Performance of one department within the company
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Detailed explanation-1: -Overtime Allowance-Employees who work beyond their regular shifts may receive an overtime payment from their employers. This is referred to as overtime and any compensation received is fully taxable. Interim Allowance-Any interim allowance given by an employer in place of a final allowance is completely taxed.
Detailed explanation-2: -An allowance is a financial benefit given to the employee by the employer over and above the regular salary. These benefits are provided to cover expenses that may be incurred to facilitate the discharge of service for example Conveyance Allowance is paid to foot expenses incurred for commuting to the workplace.
Detailed explanation-3: -What is HRA? HRA, or House Rent Allowance, is a wage given by employers to staff members to cover housing costs associated with leasing a home. The HRA is a crucial part of a person’s pay. Both salaried and self-employed people are covered by HRA.