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what is compensation management

Posted in English, asked by Tanvir Ahmed, 6 years ago. 1460 hits.
I want to solve your question right now...please can you tell me how many words you want or Is just by providing a correct answer? - kelvin kitonyi 6 years ago
COMPENSATION MANAGEMENT A compensation management is a remuneration which is received by the employees in a return for his or her contribution to a certain organization (Bhattacharya, 2009) This is an organized practice in which balancing of work-employee relation in a provision of monetary and non-monetary benefits to employees are worked on. The components of compensation are capable of designing the strategic goals and business objectives. It also influences the basis factors in analyzing job work and responsibilities. (Bhattacharya, 2009) The components are Job analysis Salary structures Pay structure A compensation package is an important motivation to the employees in increasing the organization’s productivity. - kelvin kitonyi 6 years ago

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Compensation is the salary or the pay pack received by an employee for the services rendered by him during his nature of business.It is an organized practice that involves balancing the work employee relationship by providing monetary and non monetary benefits to the empoyees

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Noorie Bahl - 6 years ago
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