The financial payments, above and over a regular base pay for employees are called ______________?
Correct answer: D. Foreign Service premiums
- A. ethnocentric allowances
- B. mobility premiums
- C. hardship allowances
- D. Foreign Service premiums
Explanation
A foreign service premium is extra compensation paid to employees for accepting an international assignment, in addition to regular base pay. Hardship allowances are narrower payments for difficult living or working conditions, not the general term for all such extra pay.
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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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