What is Compensation?
Answers were Sorted based on User's Feedback
Direct and indirect monetary and nonmonetary rewards given
to employees on the basis of the value of the job, their
personal contributions, and their performance. These
rewards must meet both the organization's ability to pay
and any governing legal regulations.
Is This Answer Correct ? | 130 Yes | 10 No |
Answer / sap
Compensation is a systematic approach to providing monetary
value to employees in exchange for work performed.
Compensation may achieve several purposes assisting in
recruitment, job performance, and job satisfaction.
Is This Answer Correct ? | 63 Yes | 16 No |
Answer / farhad ayubzai
compensation is what employees receive in exchange for
thier contribution to the organization or compensation any
extra package on behalf of productivity and to attract
employees
Is This Answer Correct ? | 48 Yes | 5 No |
Answer / bijay kumar
Compensation refers to what employee receive in exchange
for their contribution to the organization.
Is This Answer Correct ? | 33 Yes | 9 No |
Answer / siv
compensation is monitory or non monitory return from company
for there contribution in favour of the organization....
Is This Answer Correct ? | 20 Yes | 10 No |
Answer / divik varshney
Compensation is just like reward given to employee on the
basis of the value of the job, His personal contribution,
New techniques or ideas hired by other sources, Smart
Working with accurancy. These
rewards must be pay as organization's ability and with
governing legal regulations.
Is This Answer Correct ? | 14 Yes | 4 No |
Answer / anushree banerjee
Compensation is a form of returns, rewards and entitlements
which can be in the form of cash or kind to the employees.
Is This Answer Correct ? | 15 Yes | 6 No |
Answer / sreekant dey
compensation is given to the employees to reduces the
retention turn over rate, and to motivate the employees for
their performance,fulfill target, compensation is of two
types monetary rewards of non-monetary rewards such as
coupon for shopping.
Is This Answer Correct ? | 13 Yes | 6 No |
Answer / srinivas
a system is redisined in such away that the specific
objective is achived i.e, the redesign or alternation of a
system using an additional component for the spefic
application to get th desired performenc is known as
compensation of c.s.
Is This Answer Correct ? | 8 Yes | 3 No |
Answer / valli
compensation means salary+extra benefits to motivating of
employees.
Is This Answer Correct ? | 2 Yes | 0 No |
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