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?

Question

Abbie Sosa

Business

25 July, 18:31

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?

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Jessie Boone · Answer 1

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