A Literature Review on Compensation Management Practices
Journal Title: Scholars Journal of Economics, Business and Management - Year 2014, Vol 1, Issue 10
Abstract
One of the important questions to every employee is “does money matter to them”? The answer is definitely “yes”. Money definitely provides a means for having a more affluent lifestyle. How much we earn often determines how we view our social status and ourselves. In this business world, money in terms of compensation motivates behavior and give satisfaction when employees get any financial rewards or extra benefits with relation to their performance or contributions towards the organizational objectives. Hence, at different stages in one’s life and career, pay and compensation are perceived differently. Therefore, in this regard a small attempt has been made to look into the field of compensation management, which plays a vital role for an organization and for the employees. Keywords: Compensation, compensation management system, compensation approach, employee, job satisfaction
Authors and Affiliations
Prof Kishore Kumar Das, Prajna Mohapatra
Keywords
Related Articles
- EP ID EP384662
- DOI -
- Views 203
- Downloads 0
A dynamic relationship between savings and investment: The tales of China and the ASEAN-5
This paper applies recursive cointegration analysis to examine the dynamic changes in Feldstein-Horioka (1980) savings-investment (S-I) coefficients across China and the ASEAN-5 countries over time. To the extent that th...
HR practices in Social Media and associated aspects of Social Capital
Abstract: Social capital is the expected collective economic benefits derived from the preferential treatment and cooperation between individuals and groups. This concept is a sociological concept which includes social c...
To Promote Quality Improvement of Urbanization by Normalizing Regulation inside Government
Abstract: China is now at a crucial stage of developing urbanization deeply. The development of urbanization turns to deceleration stable period from acceleration period. The quality improvement of urbanization is the pr...
Relative Efficiency of Public Universities in Malaysia
This paper examines the relative efficiency of 20 public universities of Malaysia in the students’ transition process in 2011.Three input and five output values are defined to estimate the relative efficiency of the univ...
From “Silent Spring” to “Noisy Summer”: Globalization of Industry as a Mitigant of Domestic Environmental Problems and the Attraction of Knowledge Workers
Globalization of industry is a key topic in today’s economy and is of interests to governments, multinationals and their domestic competitors. One of the drawbacks of rapid globalization being discussed are the environme...