Question Tag: Indirect Compensation

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BMIS – Nov 2015 – L1 – Q3 – HR – Other human resources functions

Discuss compensation strategies, characteristics of an effective system, and types of compensation.

The strategy and structure of compensation programs have important implications for businesses and their ability to create and sustain competitive advantage.

a) What is meant by ‘Compensation’? (2 marks)
b) State FOUR characteristics of an effective compensation system. (8 marks)
c) Explain the following:
i. Direct compensation (5 marks)
ii. Indirect compensation (5 marks)

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BMIS – Nov 2015 – L1 – Q3 – HR – Other human resources functions

Discuss compensation strategies, characteristics of an effective system, and types of compensation.

The strategy and structure of compensation programs have important implications for businesses and their ability to create and sustain competitive advantage.

a) What is meant by ‘Compensation’? (2 marks)
b) State FOUR characteristics of an effective compensation system. (8 marks)
c) Explain the following:
i. Direct compensation (5 marks)
ii. Indirect compensation (5 marks)

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

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