Compensation-Monetary amount paid against the work/effort contributed for an individual or an organization
Benefits- Add-ons given to employees as monetary or non-monetary benefits
Organization-Place where two or more people join for a cause which results in transaction(exchange of products/services for money)
Environment-Surrounding of an organization
General Environment- Consists of demographic(related to population),economic(state of country and global financial status),social(society related)factors
Task Environment-Factors having direct impact on organization like customers, suppliers(one who provides raw materials), government regulations(rules laid down by government),Labour supply(availability of manpower),technology(new devices/technical tools which makes business easy)
Students please include more words which you find difficult along with any doubts and I shall answer those for your benefits.
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