This document discusses compensation and employee remuneration. It defines compensation as all forms of financial returns, benefits, and services employees receive as part of their employment. Compensation includes wages, salaries, bonuses, benefits like health insurance, and paid time off. High compensation and appealing benefits help attract and retain employees. The compensation package at Ashok Leyland includes direct financial compensation like salary and bonuses, as well as indirect financial and non-financial benefits. The goals of compensation are to attract, motivate, and retain capable employees. Compensation impacts performance and is based on theories like equity and expectancy theories.