GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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compensation
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profit sharing
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salary
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wages
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Detailed explanation-1: -Compensation and benefits (C&B) is a sub-discipline of human resources, focused on employee compensation and benefits policy-making. While compensation and benefits are tangible, there are intangible rewards such as recognition, work-life and development. Combined, these are referred to as total rewards.
Detailed explanation-2: -This compensation can be in the form of a salary, wage, benefits, bonuses, paid leave, pension funds, and stock options, and more. Compensation is also sometimes referred to as remuneration outside of the U.S. and Canada.
Detailed explanation-3: -Compensation is the total pay an employee receives when working. This includes a traditional salary, such as an hourly wage or annual pay. It also includes the value of all benefits, such as insurance plans, tuition assistance and bonus pay.
Detailed explanation-4: -Your salary is called compensation because you are being compensated for being somewhere you’d rather not be, doing something you’d rather not do.