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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
State the functions of Human Resource Management.
Write about any three activities of the procurement function of the Human Resource Department.
With reference to functions of Human Resource Management, explain procurement function.
Which function of Human Resource Management specifies that improvement in personality and interest is required to get maximum satisfaction from their work?
Justify the following sentence for or against and give a reason:
The function of Human Resource Management is advisory in nature.
Functions of human resource management include ______.
It is the process of determining the relative worth of a job.
“Human resource management seeks to achieve personal and social goals.” Explain.
Discuss the various activities of development function of Human Resource Management.
Distinguish between Human Resource Management and Human Resource Development.
