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. ...

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 ...

A compensation carve-out refers to the policy of keeping away a portion of the increase in compensation budget for the highest performing employees. (adsbygoogle = window.adsbygoogle ...

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. ...

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 ...

Compensation and benefits refers to the compensation/salary and other monetary and non-monetary benefits passed on by a firm to its employees. (adsbygoogle = window.adsbygoogle ...

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 ...

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 ...

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 ...

Compensation management is one of the most challenging human resource areas because it contains many elements and has a far-reaching effect on the organisation’s goals. The purpose ...