COMPENSATION

Compensation



Compensation

Introduction

In the recent years, the importance of Human Resource Management in an organization has increased substantially. The globalization effects have impacted the business setup throughout the world, the competition has increased, the work boundaries have expanded, and the work nature has changed considerably. This has led to creating newer challenges for HR managers around the globe. The challenges include the changing world of work and the psychological contract, managing job design and flexibility, managing recruitment and selection, developing high performance working, managing retention and absenteeism, and managing work life balance and wellness of employees. With respect to these ongoing ...