GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Career development
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Compensation and benefits
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performance management
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Orientation
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Detailed explanation-1: -7. Payment must meet the employees’ overall needs and expectations in return for the work done.
Detailed explanation-2: -Compensation management is the process of managing, analyzing, and determining the salary, incentives, and benefits each employee receives. Compensation management is a crucial part of any talent management and retention strategy.
Detailed explanation-3: -Human Resource activities fall under 7 core functions: Recruitment and Selection, Training and Development, Performance Management, Employee Relations, Employment Law and Compliance, Compensation and Benefits and Administration, Payroll & HR Systems.
Detailed explanation-4: -Compensation processes are used to determine new compensation amounts and awards for employees enrolled in fixed and variable compensation plans. Compensation processes can be run multiple times to perform “what-if” analysis, to verify all changes and settings are correct.