The Policies and Strategies Pertaining to Employee Compensation Comprise a

question 204

Multiple Choice

The policies and strategies pertaining to employee compensation comprise a

• A) performance appraisal.
• B) profit-sharing system.
• C) compensation system.
• D) wage survey.
• E) job evaluation.

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Definitions:

Social Inequality

The existence of unequal opportunities and rewards for different social positions or statuses within a society or group.

Highly Rewarded Positions

Occupations or roles within a structure or system that offer significant compensation, prestige, or privileges compared to others.

Indian Constitution

The supreme law of India, laying down the framework demarcating fundamental political code, structure, procedures, powers, and duties of government institutions and sets out fundamental rights, directive principles, and the duties of citizens.

Caste System

A traditional social system in certain societies where people are divided into distinct ranks and classes from which it is difficult or impossible to move from one class to another.