Question: How do you estimate the quantifiable value for various components of a compensation package? Give a hypothetical illustration on how to calculate: a ) Basic

How do you estimate the quantifiable value for various components of a
compensation package? Give a hypothetical illustration on how to calculate: a)
Basic Pay; b) Allowances; c) Retirals, d) Perks and Benefits; and e) incentives,
variables, and other components?
What are the non-monetary aspects of compensation that are likely to elicit
greater motivation and interest among employees?

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