Compensation management /
Rao, A. Sajeevan
Compensation management / A. Sajeevan Rao. - New Delhi : Random Publications LLP, 2022. - 320 pages : illustrations ; 24 cm
Includes bibliographical references and index
An Introduction to Compensation Management -- Compensation and Organizational Strategy -- Compensation Management: Wage and Salary Administration -- Basic System of Performance Appraisal -- Incentives -- Sales Executives and Compensation --Compensation's Role in Human Resource Strategy -- Methods of Wage Payment and Theory -- Job Analysis -- Performance Management -- 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. A good onboarding process is reminiscent of boarding a plane. At the beginning of an adventure, you're greeted by someone who's happy to have you. They help you find your seat and get acclimated so the flight will be comfortable and you'll get to your destination safely. Though remote onboarding takes place virtually, the process is inherently the same as face-to-face onboarding, Compensation Management as it is known today has been a very important source of attracting, retaining and motivating the required human resource for any organization. Although most employees specially at middle and senior levels claim that money does not play a very important role in their decision to change or to stay in an organization but in reality it is the money which motivate most of the employees. 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 experience is that the employees mostly remain dissatisfied with whatever wage or salary they are paid by the employers. 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."--Back cover
9789393884077 (hardback)
Compensation management
Personnel management
Performance standards
Collective bargaining
HF5549.5 / C67R18 2022
Compensation management / A. Sajeevan Rao. - New Delhi : Random Publications LLP, 2022. - 320 pages : illustrations ; 24 cm
Includes bibliographical references and index
An Introduction to Compensation Management -- Compensation and Organizational Strategy -- Compensation Management: Wage and Salary Administration -- Basic System of Performance Appraisal -- Incentives -- Sales Executives and Compensation --Compensation's Role in Human Resource Strategy -- Methods of Wage Payment and Theory -- Job Analysis -- Performance Management -- 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. A good onboarding process is reminiscent of boarding a plane. At the beginning of an adventure, you're greeted by someone who's happy to have you. They help you find your seat and get acclimated so the flight will be comfortable and you'll get to your destination safely. Though remote onboarding takes place virtually, the process is inherently the same as face-to-face onboarding, Compensation Management as it is known today has been a very important source of attracting, retaining and motivating the required human resource for any organization. Although most employees specially at middle and senior levels claim that money does not play a very important role in their decision to change or to stay in an organization but in reality it is the money which motivate most of the employees. 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 experience is that the employees mostly remain dissatisfied with whatever wage or salary they are paid by the employers. 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."--Back cover
9789393884077 (hardback)
Compensation management
Personnel management
Performance standards
Collective bargaining
HF5549.5 / C67R18 2022