Lecture on Compensation
Subject: Human Resource Management | Topics:

Compensation system is to create a system of rewards, so that the employee is attracted to work and is motivated to do a job for the employer. Compensation is defined as money received in the performance of works, plus the many kinds of benefits and services that organizations provide their employees. Wages and salaries are also affected by psychological, sociological and ethical factors. People perceive the level of their wages as a measure of themselves.

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