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1. Discuss the concepts of compensation and compensation management 2. Explain base compensation and supplementary compensation What is the difference between the two? 3. Discuss

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1. Discuss the concepts of compensation and compensation management 2. Explain base compensation and supplementary compensation What is the difference between the two? 3. Discuss the concept of compensation What are the factors affect compensation of employees in industrial organization 4. Explain various forms of compensation used in industry 5. Explain the principles which are to be followed for effective compensation management

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