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Compensation Management aims to maximize the returns on the available talent.Company has to reward best people in the most appropriate way. Today market is very competitive,and companies have to put more effort the leverage the human capital to keep an edge over the competitors.Compensation management includes competitive offers,Role change, Adjustments within a band,Pay Strategy and Pay Structure.
There are all kind of resources working for a company, but how to pick the right candidates for the rewards and increments.Human Resource department does this with the overall effort by every unit of the company.Each team nominates and give feedback to the team members.Process of Nomination ensures that benefits reach the right people.Compensation management is about the right management, not the right computer programs.Many people suggest about using tools to find the right bonus and the right stock, but it boils down to the right HR management.Our tutors are experienced HR professionals and well informed about the practical strategies that are employed by the companies for a better reward and compensation management.We can assist you with assignments on compensation management.
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