What is the compensation strategy?



What is the compensation strategy?..

Answer / Ilesh Kumar

A compensation strategy refers to the plan or system of pay and benefits provided by an organization to its employees. It includes elements such as base salary, bonuses, stock options, health insurance, retirement plans, and other perks. The strategy aims to attract, retain, and motivate talent by ensuring fair and competitive remuneration.

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Human Resources Interview Questions

What do you mean by achievement?

1 Answers  


Tell us about your experience in handling grievances.

1 Answers   Scapa,


What are the key aspects of company-employee communication and what is company wide committee? Do you have experience to handle those matters?

1 Answers  


we have an urgent requirement in our organization for MBA HR freshers in hyderabad. Please send your resume on sulaiman.khan@rocketmail.com before 18/12/2008

2 Answers  


why should i hire you excluding other outside the room present here who have come to the interview?

4 Answers   Innova Telecom, Potty, TATA, Wipro,


Dear friends, what are the labour laws related to unorganisaed sector labours.

1 Answers   Bhel,


can be pf deduction made from management trainee salary

2 Answers  


what are the training methods?

3 Answers   Oswal,


what is the difference between job description and job evaluation.

2 Answers  


how calculate esi & pf

1 Answers  


Company development & Employee motivation & Salary Statement Preparing

1 Answers   AAA,


sir, we need a sample aptitute paper of mseb examination. please send me.

10 Answers   L&T, Madhya Pradesh Electricity Board MPEB, MahaDiscom, MSEB, ONGC,


Categories
  • Business Administration Interview Questions Business Administration (517)
  • Marketing Sales Interview Questions Marketing Sales (1279)
  • Banking Finance Interview Questions Banking Finance (3208)
  • Human Resources Interview Questions Human Resources (747)
  • Personnel Management Interview Questions Personnel Management (68)
  • Hotel Management Interview Questions Hotel Management (29)
  • Industrial Management Interview Questions Industrial Management (113)
  • Infrastructure Management Interview Questions Infrastructure Management (14)
  • IT Management Interview Questions IT Management (97)
  • Supply Chain Management Interview Questions Supply Chain Management (16)
  • Operations Management Interview Questions Operations Management (39)
  • Funding Interview Questions Funding (79)
  • Insurance Interview Questions Insurance (494)
  • Waste Management Interview Questions Waste Management (1)
  • Labor Management Interview Questions Labor Management (48)
  • Non Technical Interview Questions Non Technical (73)
  • Business Management AllOther Interview Questions Business Management AllOther (546)