HRM200

is a segment of management or human resource management that focuses on planning, organizing and controlling the direct and indirect payments employees receive for the work they perform.

to treat the employees as

in his book Human Resource Management defines compensation in these words "Employee compensation refers to all forms of pay going to employees andarising from their employment."

refers to all forms of pay going to employees andarising from their employment.

include non-financial benefits, but all the direct and indirect financial compensations.

According to compensation consists of four distinct

components.

These are financial benefits that are given to an individual or group once or occasionally, and not on a regular basis. They can be tied to specific achievements, performance metrics,

or company milestones.

One-time payments based on performance, project completion, or company profits.

A portion of company profits distributed among employees.

The right to purchase company shares at a fixed price in the future.