Explanation:

The objectives of compensation management are to attract, engage, and retain employees through competitive compensation plans that align with the company budget, corresponding job-market, and government regulations. Good compensation management should: Attract and recruit talent. Motivate employees.Compensation management can achieve its objectives by offering:

• Attractive salaries
• Useful benefits
• Bonuses, incentives, and programs to improve employee wellbeing
• Retirement savings
• Insurance