GENERAL KNOWLEDGE

GK

HUMAN RESOURCE MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The indirect financial and non-financial payments employees receive for continuing their employment with a company are called ____
A
compensation
B
salary
C
benefits
D
remuneration
Explanation: 

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.

There is 1 question to complete.