Which of the following involves compensation?

Job evaluation, performance appraisal, promotion etc

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Manpower planning, recruitment, selection etc

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Orientation and training of personnel

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Developing a sense of belonging to the enterprise

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Solution

The correct option is A Job evaluation, performance appraisal, promotion etc
The term compensation is used to indicate the employees gross earnings in the form of financial rewards and benefits that can motivate the employees to perform. Job evaluation, performance appraisal, promotion involves compensation.

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"Internal sources of recruitment are better than external sources of recruitment." Explain the following three reasons in support of this statement.

(i) Sense of security.

(ii) Labour turnover and costs are reduced.

(iii) No need of induction and training.

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