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Compensation Management is written in a student-friendly style, it focuses on the strategic importance of compensation and its effective management to achieve organizational goals and objectives.
It is a comprehensive textbook designed to meet the requirements of management students specializing in HR.The theory is reinforced with corporate examples, exhibits, and illustrations to develop the managerial acumen of students.
The book begins with an introduction to the concept of compensation management and goes on to discuss the labour market and its impact on compensation, as well as economic theories and their implications on compensation management. Job design, performance-linked compensation, team-based compensation, executive compensation, non-monetary employee benefits, alternative employee benefits programme, motivation and compensation design, issues pertaining to sales compensation, legal and taxation issues in compensation management, and the process of wage fixation through collective bargaining are the major topics discussed in the book. It ends with an elaborate coverage of international compensation management practices
The book aims at preparing students and professionals to master the knowledge and skill sets required to effectively manage compensation with creativity, innovation, and a strategic focus. It will also be useful to HR professionals practising compensation management. ISBN
9780195698374
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Pages : 464
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