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Compensation decision is a financial aspect and needs to be worked out in concurrence and approval of senior management through a procedure of procurement.However, if a defined policy is in place towards the compensation decision making, then it will will also assign the powers to the specific authority, that may be Hr manager/hiring manager.
From India, Vadodara
From India, Vadodara
Dear Bijay,
Compensation decision is a financial aspect and that is right Thus, in a huge international organization i don't think that finance will do it. I think line Managers will propose with consulting with HR manager. Than they will share with finance to check with estimated budget. If Managers make compensation and promotion decision without consulting with HR that will be structured unfair.
From Afghanistan, Kabul
Compensation decision is a financial aspect and that is right Thus, in a huge international organization i don't think that finance will do it. I think line Managers will propose with consulting with HR manager. Than they will share with finance to check with estimated budget. If Managers make compensation and promotion decision without consulting with HR that will be structured unfair.
From Afghanistan, Kabul
Yes, but its other way round, either in the form of policy in an big org the top management will empower control to finance/procurement dept to allocate for overall compensation on hirirng etc.Or Line managers or hr managers need to send an appropriate and justified requirement with compensation details for the approval from management.Thus the management will be able to give decision on evaluating the ctc as per the allocation of budget against the talent to be hired.This may be perhaps true for hiring the senior level persons.
However the compensation policy for lower category/junior level employees may assign the powers to decide the compensation either to line managers/hiring manager/hr managers or both in mutual consultation.
Pls correct if i am wrong,as i am of the opinion that unless there is a clear cut policy on these issues one can not simply take decisions on such financial issues.
From India, Vadodara
However the compensation policy for lower category/junior level employees may assign the powers to decide the compensation either to line managers/hiring manager/hr managers or both in mutual consultation.
Pls correct if i am wrong,as i am of the opinion that unless there is a clear cut policy on these issues one can not simply take decisions on such financial issues.
From India, Vadodara
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