Human Resource Management and Labour Relations - Compensating and Benefits
8 important questions on Human Resource Management and Labour Relations - Compensating and Benefits
What is a Compensation System?
What is a Salary?
Compensation in the form of money paid for discharging the responsibilities of a job.
What is a Incentive Program?
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What is a Bonus?
What is a Merit Salary System?
What does Pay for Performance (Variable Pay) refer to?
An individual incentive that rewards a manager for especially productive output.
What is a Gainsharing Plan?
What is a Pay-for-Knowledge Plan?
An incentive plan to encourage employees to learn new skills or become proficient at different jobs.
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