Compensation Reward and Recognition

(adsbygoogle = window.adsbygoogle || []).push({}); This discipline covers the various forms of direct compensation—i.e. employee’s pay including variable pay, short and long term incentives, company stock awards, as well as promotions ...

Compensation & Benefits

(adsbygoogle = window.adsbygoogle || []).push({}); When most people hear the term compensation they think about “what a person is paid”. Although this is true, it is only one aspect of a complex topic. Compensation includes ...

Merit Increases

(adsbygoogle = window.adsbygoogle || []).push({}); Salary increases are granted to eligible employees in career positions based upon their job performance. Merit eligibility is contingent upon completing three months of service in PPSM. The ...

Compensation Management

Before reading the compensation management topic, one should know the impact of compensation system on the organisation and its gravity if it is not managed effectively. First and last word on compensation management is that, it is core and direct ...

Deferred Compensation

Portion of earned Income that is paid to the employee at a later date is named as Deferred Compensation. This is usually practiced to defer tax to a future date when the rate is lower. Examples: -Retirement plan -Pension -Employee stock option All ...

Compensation

Compensation is something, most usually money, which is given to the employees of an organization or company as payment or reparation for their service towards the organization or because of their loss incurred due to any organizational activity. Compensation ...

Compensation & Benefits

Compensation and benefits refers to the compensation/salary and other monetary and non-monetary benefits passed on by a firm to its employees. This can include various components: Fixed pay : This is the basic salary paid to the employee irrespective ...

Definition of Compensation

To survive in a complex, competitive global economy all organization (public and private) must be able to focus on the effective and efficient supply of goods and services. A key factor in promoting effective delivery of goods and services is provision ...

Objectives of compensation

Compensation has some important objectives. To achieve, these objectives a well conceived compensation scheme or plan may be established. These objectives are mentioned in the following point. 1. To be legal: It must get approval from the govt. or ...

Theories of Compensation

In order to understand which components of remuneration are more effective, we need to understand the conceptual framework or theories or employee remuneration. Three such theories are reinforcement and expectancy theories, equity theory and agency ...
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