GK
HUMAN RESOURCE MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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compensation
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salary
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benefits
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remuneration
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Detailed explanation-1: -Employee benefits or indirect compensations are group membership rewards that provide security for employees and their family members. Benefits are indirect financial and non-financial payments employees receive for continuing their employment with the company.
Detailed explanation-2: -Ans : Financial incentives are directly monetary, i.e., money that can be measured in monetary terms. In contrast, Non-Financial Incentives are those benefits that satisfy employees’ social, psychological, and emotional needs and cannot be measured in terms of money.
Detailed explanation-3: -Indirect compensation are the benefits one receives as a part of their compensation. This type of benefit is often termed as “perks” or “employee benefits”. Quite simply, it is the non-monetary benefit offered to an employee.