In other words we can say that Compensation is the process of providing adequate, equitable and fair remuneration to the employees. It includes job evaluation, wage and salary administration, incentives, bonus, fringe benefits, social security measures, etc.

Simulation: Sometimes it is either impractical or unwise to train employees on the actual equipment used on the job. A simulation is a technique that duplicates as nearly as possible the actual conditions encountered on the job.

Q.	Counseling the employees for second careers inside the firm is an example of
C.	honoring experience
D.	modifying selection procedure

Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees. HRM is often referred to simply as human resources (HR). As with other business assets, the goal is to make effective use of employees, reducing risk and maximizing return on investment (ROI).