Q1. Define the term nominal wage. Also define the term real wage? Determine the term minimum wages? Illustrate the word living wage, Fair Wage and incentive wage?
Q2. What do you mean by organizational diagnosis?
Q3. What do you mean by external equity?
Q4. What do you mean by internal equity?
Q5. Who is the stake holder in the compensation management of the modern organization?
Q6. Illustrate the different type of compensation?
Q7. Describe the cafeteria style compensation.
Q8. Describe the focus of attention of diagnostic activities?