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What is Effective Compensation Management Strategies about?

Compensation management involves designing and implementing a total compensation package through a systematic approach that provides value to employees in exchange for work performance. The objectives of compensation management are to attract, retain, and motivate talented employees while maintaining market competitiveness and rewarding productive contributions. Compensation consists of base pay, variable pay, and supplementary benefits, and aims to benefit both employers through higher productivity and bra

Author

Gowri J Babu

Language

EN