Define compensation management

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Reference no: EM132877539

1. Define compensation (reward) management and state the aims of reward management.

2. Several factors influences renumeration payable to employees. they can be categorised into internal and external. Explain three factors each for internal and external factors.

3. State and explain two examples for each of the following

a) compensation (pay) for individual performance

b) pay for team performance

c) Pay for organisational performance

4. Differentiate between direct and indirect compensation and give examples each.

Reference no: EM132877539

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