You now work at EFG Co. building their relational database. You have hit the ground running and are two weeks ahead of schedule.

Question

2 years ago

9

You now work at EFG Co. building their relational database. You have hit the ground running and are two weeks ahead of schedule.

If you keep up this pace, you will be rewarded with a $2000 bonus for getting the project done far ahead of schedule. This is an example of what key element area of HR?

Business

2 answers:

aleksklad [387] · Answer 1 · 2021-12-18T10:18:01+03:00

Answer:

Compensation

Explanation:

Compensation is defined as the act of providing a person with monetary or monetary gains or other things of economic value or importance in exchange for a job well done.

Compensation is can also be refereed to as non-cash payments that is given to an employee in exchange for the work they have done for your business or the total cash and It is one of the biggest expenses for businesses with employees.

It is more than an employee’s regularly paid wages. It also includes other types of wages and benefits

The key element area of the HR from the example, is refereed to as compensation

Nuetrik [128] · Answer 2 · 2021-12-18T12:47:32+03:00

Answer:

compensation

Explanation:

Total employee compensation includes more than just your salary, it includes all the cash and non-cash payments that you receive for doing your work. It includes bonuses (like your $2,000 bonus for being so efficient), perks (e.g. free daycare services, free health care), fringe benefits (e.g. company car), or other like stocks options, sign-up bonuses for new employees, etc.