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Explain What is the compensation system? What is compensation plan in HRM?

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General Management

Explain What is the compensation system?

What is compensation plan in HRM?

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Explain What is the compensation systemWhat is compensation plan in HRM A compensation plan is the sum total of all the monetary as well as the non monetary benefits provided for the staff in exchange of their hard work or dedication in the work It can also be defined as it is a system of rewards that motivates the staffs to perform better it is a tool used to foster the cultures and    See Answer
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