to treat the employees as

(a)  

in his book Human Resource Management defines compensation in these words "Employee compensation refers to all forms of pay going to employees andarising from their employment."

(a)  

refers to all forms of pay going to employees andarising from their employment.

(a)  

include non-financial benefits, but all the direct and indirect financial compensations.

(a)  

According to compensation consists of four distinct

components.

(a)  

These are financial benefits that are given to an individual or group once or occasionally, and not on a regular basis. They can be tied to specific achievements, performance metrics,

or company milestones.

(a)  

One-time payments based on performance, project completion, or company profits.

(a)  

A portion of company profits distributed among employees.

(a)  

The right to purchase company shares at a fixed price in the future.

(a)  

Unexpected cash rewards for exceptional performance or

contributions.

(a)  

These are rewards that do not involve money but are still valuable to the recipient. They often focus on recognition, personal growth, and work-life balance.

(a)  

Awards, certificates, or public praise for achievements.

(a)  

Special recognition and perks for outstanding performance.

(a)  

Options like remote work, flexible hours, or compressed workweeks.

(a)  

Training, conferences, or certifications to enhance skills.

(a)  

Extra vacation days, personal days, or sabbaticals - a period of

paid leave granted andt his time provides employees with the opportunity to travel and study outside of their regular job roles to advance their careers.

(a)  

Social gatherings, team-building activities, or company outings.

(a)  

refers to a wide range of financial and non-financial rewards to

employees for their services rendered to the organization. It is paid in the form of wages, salaries and employee benefits such as paid vacations, insurance maternity leave, free travel facility, retirement benefits etc.

(a)  

are a direct form of compensating the employees and have a great impact in motivating employees.

(a)  

refer to the cash component of the wage structure based on

which other elements of compensation may be structured. It is normally a fixed amount which is subject to changes based on annual increments or subject to periodical pay hikes.

(a)  

refer to the cash component of the wage structure based on

which other elements of compensation may be structured. It is normally a fixed amount which is subject to changes based on annual increments or subject to periodical pay hikes.

(a)  

refer to the cash component of the wage structure based on

which other elements of compensation may be structured. It is normally a fixed amount which is subject to changes based on annual increments or subject to periodical pay hikes.

(a)  

refer to the cash component of the wage structure based on

which other elements of compensation may be structured. It is normally a fixed amount which is subject to changes based on annual increments or subject to periodical pay hikes.

(a)  

refer to the cash component of the wage structure based on

which other elements of compensation may be structured. It is normally a fixed amount which is subject to changes based on annual increments or subject to periodical pay hikes.

(a)  

represent hourly rates of pay

(a)  

refers to the monthly rate ofpay, irrespective of the number of hours put in by the employee.

(a)  

means occurring every two weeks. It's often used in reference to pay periods.

(a)  

is the cost-of-living adjustment allowance that the government provides to both current and retired members of the public sector.

(a)  

facilitates employees and workers to face the rice increase or inflation of prices of goods and services consumed by him.

(a)  

an amount of money that is added to a person's basic pay or pension because of rising prices and other costs

(a)  

are paid in addition to wages and salaries and are also called 'payments by results. Depend upon productivity, sales, profit, or cost reduction efforts.

(a)  

a type of additional compensation an employer gives to an employee that complements their base pay or salary. A company may use bonuses to reward achievements, to show gratitude to employees who meet longevity milestones, or to entice not-yet employees to join a company's ranks.

(a)  

These benefits give psychological satisfaction to employees even when financial benefit is not available.

(a)  

to managers and employees may be based on the sales revenue or profits of the company. It is always a fixed percentage on the target achieved.

(a)  

Companies may also pay employees and others a combination of pay as well as commissions.

(a)  

are prevalent in the manufacturing wages. The laborers are paidwages for each of the Quantity produced by them.

(a)  

are additional compensations provided by an employer beyond an employee's direct wages or salaries. They can be monetary (such as bonuses and allowances) or non-monetary (such as subsidised meals, paid holidays and pension plans).

(a)  

are additional compensations provided by an employer beyond an employee's direct wages or salaries. They can be monetary (such as bonuses and allowances) or non-monetary (such as subsidised meals, paid holidays and pension plans).

(a)  

is regarded as a stepping stone to industrial democracy. An agreement by which employees receive a share, fixed in advance of the profits. Usually involves the determination of an organization's profit dt the end of the fiscal year and the distribution of a percentage of the profits to theworkers qualified to share in the earnings.

(a)  

is a compensation program that allows a business of any size to distribute a portion of the company's pre-tax profits to employees, which is generally tax-deductible in amounts up to 25% of the company's payroll. The plan creates a sense of ownership and alignment between employees and the company's financial performance.

(a)  

Employers make direct cash payments to an employee's account as part of their profit sharing.

(a)  

Like a defined contribution plan for retirement savings, employers contribute to an employee's retirement account, but employees only access it when they retire or leave the organization.

(a)  

Like a defined contribution plan for retirement savings, employers contribute to an employee's retirement account, but employees only access it when they retire or leave the organization.

(a)  

This is typically a mix between cash plans and déferred plans Employers can make cash contributions to an employee's retirement account and contributions to a deferred plan.

(a)  

Employers give their employees shares of company stock instead of cash.

(a)  

Also referred to as a comp-to-comp method, this method

allocates profit shares as a percentage of the employee's compensation.

(a)  

Also called the flat-dollar amount, each employee

receives the same contribution from the employer.

(a)