Define compensation. Explain the emerging concepts and issues in compensation.

Define compensation. Explain the emerging concepts and issues in compensation.

Compensation is the total package of rewards that employees receive in exchange for their work. It isn’t just about the paycheck you see every month; it includes everything from base salaries and hourly wages to bonuses, commissions, and other performance-based incentives. Along with these direct financial rewards, compensation also covers indirect benefits such as health … Read more

Explain the emerging issues in compensation from Nepalese point of view.

Explain the emerging issues in compensation from Nepalese point of view.

Compensation refers to the total payment or rewards employees receive in exchange for their work. It includes salary, wages, bonuses, benefits, and other allowances provided by employers. Emerging Issues in Compensation in Nepal: Pay Inequality:There is a big difference in salaries between government and private sector jobs. For example, government employees often get higher pay … Read more