The factors for determining pay rates are?
Correct answer: D. Both A and B
- A. direct financial payments
- B. indirect financial payments
- C. paid bonuses
- D. Both A and B
Explanation
Pay rates are part of direct financial compensation, while benefits such as insurance are indirect financial compensation. Together, these form major components of an employee's compensation package.
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About Human Resource Management
Human resource management deals with acquiring, developing, rewarding and retaining employees within an organisation. It includes job analysis, recruitment, selection, training, performance appraisal, compensation, career planning, labour relations and workplace discipline. Recruitment attracts applicants, while selection evaluates them and chooses the most suitable candidate.
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