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प्रश्न
Explain the Compensation Function of Human Resources Department.
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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: It 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 wage and salary structure for various jobs in the organisation.
- Bonus: It involves payment of bonus under the Payment of Bonus Act, 1965, as well as non- statutory bonus and other incentives.
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संबंधित प्रश्न
State the functions of Human Resource Management.
Elaborate on the Managerial 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.
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.
Which of the following is the development function of human resource management?
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 Human Resource Management.
