GK
HUMAN RESOURCE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following refers to how much a job pays and the benefits offered?
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minimum wage
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compensation
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promotion
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wage
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Explanation:
Detailed explanation-1: -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.
Detailed explanation-2: -In the workplace, compensation is what is earned by employees. It includes salary or wages in addition to commission and any incentives or perks that come with the given employee’s position.
Detailed explanation-3: -Compensation could be given to employees in the way of wages, salaries, benefits, bonuses, paid leaves, pension funds, stock options, equities, or any other form of payment for their contribution towards the business’s growth.
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