Question

___________________________ is designing and implementing total compensation package with a systematic approach to providing value to employees in exchange for work performance. *
Compensation Management
Performance Management
Other:​

Answer 1

Answer:

Explanation:

other

Answer 2

Compensation Management is designing and implementing a complete compensation bundle with a scientific method to supply value to personnel in exchange for paintings performed.

Explanation:

• Compensation is a scientific method to supply economic value to personnel in alternative to paintings performed.
• Compensation might also additionally acquire numerous functions helping in recruitment, task performance, and task satisfaction.
• Compensation is a device utilized to control a lot of functions to in addition the life of the organization.
• Compensation can be adjusted in line with the enterprise's needs, and goals, and to be had resources.

Compensation can be used to:

• Recruit and keep certified employees.
• Growth or keep morale/satisfaction.
• Praise and inspire height performance.
• Acquire inner and outside equity.
• Lessen turnover and inspire organizational loyalty.
• Modify (thru negotiations) practices of unions.

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