3.Discuss the concept of compensation what are the factors effect compensation of employees in industrial organization?
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3.Discuss the concept of compensation what are the factors effect compensation of employees in industrial organization?
Answer:
What factors affect compensation of employees in industrial organizations?
Several factors affect an employee's pay:
Pay structure and internal influences. Wages, salaries, and benefits are based on skills, experience, and the level of the job. ...
Pay level and external influences. In deciding how much to pay workers, the firm must also be concerned with the salaries paid by competitors.
Explanation:
done...