Question: Question 2 An effective compensation system is dependent on how well the Human resource Manager understands the nature of the job standards and the expectations

Question 2 An effective compensation system is

Question 2 An effective compensation system is dependent on how well the Human resource Manager understands the nature of the job standards and the expectations of workers. Differentiate between the terms compensation and benefits Employee benefits may be of two types. Describe the TWO (2) types of benefits. A. B. C. D. (4 marks) ii. (4 marks) (4 marks) (4 marks) i. List FOUR (4) examples of mandated benefits named above List FOUR (4) examples of indirect benefits named above. Briefly explain the importance of organizations having good compensation and benefits plans for their employees. (4 marks) (Total 20 marks)

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