Business Studies, asked by mirburhan229, 8 months ago

Define compensation management in hrm and its types

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Answered by ItsShree

1

Compensation management is the act of providing monetary value to an employee for the work they do by means of a company process or policy. Some types of compensation include salary, bonuses, and benefit packages. Companies use compensation management in order to find, keep, and motivate employees to do quality work.

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