What are the components of compensation management?

QuestionsWhat are the components of compensation management?
Nikhil Rawat asked 1 month ago
   
3 Answers
Priya Vishwas answered 1 month ago
Compensation management includes the basic salary and allowances of an employee.   
Akshaj Singh answered 1 month ago
Compensation management includes all the benefits given to an employee including the basic salary and other payments in the form of allowances and incentives.  
Deepak Goyal answered 1 month ago
Compensation management includes all the components of an employee salary such as monthly pay, allowances, incentives, and other benefits.