Which of the following is irrelevant in the estimation of compensation of employees ........

Economics- Phase (I & II) Determination of output and employment

Which of the following is irrelevant in the estimation of compensation of employees ?

Free accommodation provided to the school principals

Free education of the students whose parents are working in schools

Wages and salaries in cash

Old-age pensions

- Free accommodation provided to school principals is relevant. Non-cash benefits like housing are part of employee compensation.

- Free education for students of school employees is also relevant. This is a non-cash perk that adds value to the employees' overall compensation.

- Wages and salaries in cash are directly part of the compensation. It's the most straightforward form of employee remuneration.

- Old-age pensions are irrelevant in the estimation of current compensation. Pensions are deferred benefits for after retirement.

Thus, the correct answer is:

- Option 4: Old-age pensions

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