Compensation management /
Dr. A. Sajeevan Rao.
- viii, 320 pages ; 24 cm.
Includes bibliographical references and index.
1. An Introduction to Compensation Management. 2. Compensation and Organizational Strategy 3. Compensation Management: Wage and Salary Administration 4. Basic System of Performance Appraisal 5. Incentives 6. Sales Executives and Compensation 7. Compensation's Role in Human Resource Strategy 8. Methods of Wage Payment and Theory 9. Job Analysis 10. Performance Management 11. Collective Bargaining
Compensation management is the process of managing, analyzing, and determining the salary, incentives, and benefits each employee receives. Compensation managers aim to attract, retain, and engage employees by offering broad and competitive compensation plans within the company budget. The employees need to be compensated for the services which they render to an organization. It is not easy to workout suitable compensation package for the employees and keeps them satisfied. The compensation helps in motivating employees and ensuring that they are committed to achieving the company goals. The level of compensation offered is dependent on a number of factors, including salaries paid by similar companies for similar roles, the employee's skill set and productivity and projected financial strength of the company.
College of Business and Accountancy Bachelor of Science in Business Administration Major in Human Resource Mgt