hello seniors can you please tell me what are objectives of compensation management.....
From India, Hyderabad
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From India, Hyderabad
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Please clarify which type of compensation you are interested in knowing:
1. Workmen's compensation - governed by the Workmen's Compensation Act.
2. Pay package compensation - subject to your company's rules.
With warm regards,
S. Bhaskar
9099024667
From India, Kumbakonam
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11891. Workmen's compensation - governed by the Workmen's Compensation Act.
2. Pay package compensation - subject to your company's rules.
With warm regards,
S. Bhaskar
9099024667
From India, Kumbakonam
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Dear krshm5243,
The main objective of compensation management is to provide fair wages or salaries to employees according to their qualifications, experience, and other qualities. Compensation management involves factors such as salary determination, pay bands, salary processing, and the decision-making regarding other benefits.
Thank you.
From India, Pune
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The main objective of compensation management is to provide fair wages or salaries to employees according to their qualifications, experience, and other qualities. Compensation management involves factors such as salary determination, pay bands, salary processing, and the decision-making regarding other benefits.
Thank you.
From India, Pune
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Respected,
We can also call it as remuneration for the workers/employees for their service to the organization. Everyone knows that "A WELL-SATISFIED EMPLOYEE IS AN ASSET FOR THE ORGANIZATION," so we should protect our employees with reasonable compensation.
OBJECTIVES:
- To retain the talent.
- To attract talents from the external environment.
- To satisfy employees' basic needs and wants.
- To run the business transactions smoothly without any disputes/obstacles from employees.
THANK YOU.
From India, Vijayawada
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We can also call it as remuneration for the workers/employees for their service to the organization. Everyone knows that "A WELL-SATISFIED EMPLOYEE IS AN ASSET FOR THE ORGANIZATION," so we should protect our employees with reasonable compensation.
OBJECTIVES:
- To retain the talent.
- To attract talents from the external environment.
- To satisfy employees' basic needs and wants.
- To run the business transactions smoothly without any disputes/obstacles from employees.
THANK YOU.
From India, Vijayawada
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Basics of Compensation Management.pdf
Compensation management.ppt