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Compensation

Compensation

Views: 1,378|Likes:
Published by Mohammed Imran
compensation
compensation

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Published by: Mohammed Imran on Nov 24, 2009
Copyright:Attribution Non-commercial

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01/03/2013

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Compensation
\u2013The sum total of all forms of payments or
rewards provided to employees for
performing tasks to achieve organizational
objectives
Rs
Compensation- Nature and scope
\u2022The complex process includes decisions
regarding variable pay and benefits
\u2022It suggests an exchange relationship
between the employee and the
organization
\u2022It involves design, development,
implementation, communication and the
evaluation of reward strategy and process
of the organization

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