Compensation Management

            
 
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This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.



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Case Details:

Price:

Case Code : HROB047 For delivery in electronic format: Rs. 200;
For delivery through courier (within India): Rs. 200 + Rs. 25 for Shipping & Handling Charges

Themes

HR concepts and issues
Case Length : 05 Pages
Period : 1990 - 2004
Pub Date : 2004
Teaching Note : Available
Organization : -
Industry : Varied
Countries : India

Abstract:

Human Resource and Organization Behavior | Case Study in Management, Operations, Strategies, Human Resource and Organization Behavior, Case Studies

The compensation policy and the reward system of an organization are viewed by the employees as indicators of the management's attitude and concern for them. Traditionally, pay scales in companies reflected the importance of the work and the responsibility level. Today, organizations try more to assess the worth of an individual in terms of his performance and contribution to the organization. These caselets discuss the importance of a compensation system that is competitive and attractive for the employees and at the same time, profitable for the organization.

Issues:

The role and importance of compensation management in an organization, the need for a contemporary and competency/skill based compensation system

Keywords:

Compensation policy, reward system, organization, employees, indicators, attitude, pay scales, companies, responsibility level, performance, contribution, competitive, attractive, profitable

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