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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
Elaborate on the Managerial functions of Human Resource Management.
Write about any three activities of the procurement function of the Human Resource Department.
______ training is also called as ‘process of socializing’.
Explain the Compensation Function of Human Resources Department.
Which function of Human Resource Management deals with handling employee grievances, conflict resolution and employee counselling?
With reference to functions of Human Resource Management, explain procurement function.
Functions of human resource management include ______.
Which of the following is the development function of human resource management?
Discuss the various activities of development function of Human Resource Management.
Distinguish between Human Resource Management and Human Resource Development.
