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  • A) Compensation Management Session 1 and 2

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    Rukmini Gottumukkala
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    Compensation Management - Definition; Different Perspectives. Society - gender issues, priorities, cost of living, culture, supply, parities. Managers - Affordability, Ability to pay, and Manpower cost, Productivity, Policy; To attract; To Recruit; To facilitate performance; to Retain. Employees - Wages as major financial security, for economic and social wellbeing; Return in an exchange; Entitlement for their being employed; a Reward for the job well-done?

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    A)Compensation Management Session 1 and 2

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    Compensation Management - Definition; Different Perspectives. Society - gender issues, priorities, cost of living, culture, supply, parities. Managers - Affordability, Ability to pay, and Manpower cost, Productivity, Policy; To attract; To Recruit; To facilitate performance; to Retain. Employees - Wages as major financial security, for economic and social wellbeing; Return in an exchange; Entitlement for their being employed; a Reward for the job well-done?

    Copyright:

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    24 views1 page

    A) Compensation Management Session 1 and 2

    Uploaded by

    Rukmini Gottumukkala
    Compensation Management - Definition; Different Perspectives. Society - gender issues, priorities, cost of living, culture, supply, parities. Managers - Affordability, Ability to pay, and Manpower cost, Productivity, Policy; To attract; To Recruit; To facilitate performance; to Retain. Employees - Wages as major financial security, for economic and social wellbeing; Return in an exchange; Entitlement for their being employed; a Reward for the job well-done?

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    Compensation Management - Introduction

    Pay matters What you pay, matters How you pay, matters

    Compensation Definition; Different Perspectives


    Society gender issues, priorities, cost of living, culture, supply, parities Stockholders ROC, Managers Affordability, Ability to pay, and Manpower cost, Productivity, Policy; To attract; To Recruit; To facilitate performance; To Motivate; to Retain. Employees Wages as major financial security, for economic and social wellbeing; Return in an exchange; Entitlement for their being employed; a Reward for the job well-done? Finally, as Compensation for their Investments and Contributions.

    Forms of Pay TOTAL RETURNS

    TOTAL COMPENSATION

    RELATIONAL RETURNS Recognition & Status Employment Security Challenging Work Learning Opportunities

    Cash Compensation Base pay; Merit / Cost of Living; Short-term Incentives; Long-term Incentives.

    Benefits Income Protection Work-Life Balance Allowances

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