GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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total of all rewards provided to employees in return for their services
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wages individuals receive each pay period
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wage schedules and wage rates listed in the union contract
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internal alignment of intrinsic awards
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Detailed explanation-1: -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-2: -Remuneration is the total compensation received by an employee. It includes not only base salary but any bonuses, commission payments, overtime pay, or other financial benefits that an employee receives from an employer. A job perk may or may not be a component of employee remuneration.
Detailed explanation-3: -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.