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प्रश्न
Explain the compensation function of Human Resource Management.
Explain the compensation function of Human Resource.
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उत्तर
Compensation Function: It refers to providing equitable and fair remuneration to employees for their contribution to the attainment of organisational objectives. It consists of the following activities:
- Job evaluation: is the process of determining the relative worth of a job.
- Wage and Salary Administration: It implies developing and operating a suitable wage and salary programme. Surveys are conducted to determine the wage and salary structure for various jobs in the organisation.
- Bonus: It involves the payment of a bonus under the Payment of Bonus Act, 1965, as well as non-statutory bonuses and other incentives.
संबंधित प्रश्न
What are the managerial functions of HRM?
State the functions of Human Resource Management.
Discuss the Operative functions of HRM.
Write about any three activities of the procurement function of the Human Resource Department.
______ training is also called as ‘process of socializing’.
Which of the following is the compensation function of human resource management?
It is the process of studying in detail the operations and responsibilities involved in a job so as to identify the nature and level of human resources required to perform the job effectively.
It is the process of estimating the present and future manpower requirements of the organisation, preparing inventory of present manpower and formulating action programmes to bridge the gaps in manpower.
Discuss the various activities of development function of Human Resource Management.
Which of the following is a development function of human resource management?
