ENTREPRENEURIAL OPERATIONS
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following refers to how much a job pays and the benefits offered?
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minimum wage
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compensation
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promotion
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wage
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Explanation:
Detailed explanation-1: -Remuneration is the total amount an employee receives for performing a job. Remuneration includes not only base salary but all other forms of financial compensation an employee receives.
Detailed explanation-2: -Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits.
Detailed explanation-3: -In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employee’s position.
There is 1 question to complete.