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What is Functions and Importance of Compensation about?

This document discusses functions and importance of compensation, wages, performance evaluation, appraisal, reward systems, employee relations, and employee movement in organizations. Compensation, wages, and performance evaluations are important for motivating employees and assessing their work. Reward systems, good employee relations, and opportunities for movement are also crucial for retaining talented workers.

Author

Arnel De Guzman

Language

EN