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Compensation System an Introduction
SUBJECT : Human Resource Management
PUBLISHED ON : 02/01/14
NUMBER OF PAGES : ( 7 Pages)
PRICE : Rs 5.25

Compensation refers to a reward i.e., in the form of monetary or non-monetary paid by an organisation to an employee for work. Monetary reward may be regarded as direct compensation and non-monetary reward may be regarded as indirect compensation. The objective of a compensation system is to create a system of reward which is paid to an employee, so that the employee is attracted to do the work and motivated to do a good job.

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