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Session # ONE * What is honorarium? * Is it to cover the expiration? * Is it to compensate the loss? * Here, payment is a kind of reward. * This reward is given to employees for their contribution. * earnings means what the employees receive in exchange for their work. * It is the monetary positively charged non-monetary return paid to employees for the work done by them. * trouble is getting things done through with(predicate) others. * Management is a do work of planning, organizing, directing, coordinating, and controlling. * Here, hire management is a process of managing the compensation system. * Compensation management is a process of designing and implementing a compensation system that run acrosss fair (equitable) pay for all(a) employees. * Objectives of Compensation * The objective of the compensation system is to create a system of rewards, which is equitable to the employer and employee alike, So that the employee is attracted to work and is motivated to do a good speculate for the employer.

To create a system of rewardsTo Control Costs That is equitableTo win Administrative Efficiency To Acquire Qualified Personnel To combine with Legal Regulations To Retain Current Key Employees To Ensure Equity To respect Desired Behavior * Other Objectives To manage conflict,To generate motivation, To ensure congenial working environment,To ensure loyalty, To reduce turnover,To ensure persistency of sound working spirit. To encourage participation, To reduce absenteeism, To enhance or improve productivity, * Organizational Compensation dodge * Organizational Compensation Strategy is aimed at supporting organisational Mission and Strategy through compensation strategy and tactics that integrate major organizational groups of employees. * The compensation system must be able to shift a message that is understood and accepted by all employees that they are valued contributors... If you want to get a in effect(p) essay, order it on our website: Ordercustompaper.com

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