What do you mean by compensation? explain the main elements of compensation?
Answers
Answered by
5
Compensation is the monetary benefit which is given to an employee or worker giving their services to an organization. Compensation includes components like salary, wages, bonuses etc. The compensation provided helps in motivating the employees, build their career and ensure that their are committed in achieving the company goals.........
mains elements are :-
benefits and insurance
base salary
bonus
ownership stakes
employee perks
lifestyle and flexibility......etc
mains elements are :-
benefits and insurance
base salary
bonus
ownership stakes
employee perks
lifestyle and flexibility......etc
Similar questions
Computer Science,
7 months ago
Math,
7 months ago
Physics,
7 months ago
Business Studies,
1 year ago
Science,
1 year ago
English,
1 year ago