HRM L8: Managing Compensation

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Last updated 4:18 PM on 5/23/26
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19 Terms

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managing compensation

  • called “total rewards management” now

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compensation

  • pay is a statement of an employee’s worth by an employer

  • pay is a perception of worth by an employee

  • pay is a perception of worth by an employee

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indirect compensation

  • inkind

  • time not worked (vacations, breaks, holidays)

  • monetize (ex: hindi nagamit yung sick leave so dadagdagan siyaa)

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insurace plans

  • medical

  • dental

  • life

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security plans

  • pensions

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employee service

  • educational assistance

  • recreational program

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