Overview on compensation management & pay satisfaction with industry professional.
Автор: RSB HR STUDENTS
Загружено: 2026-02-05
Просмотров: 21
Описание:
Compensation management involves designing and managing employee salaries, incentives, and benefits in a way that is fair, competitive, and aligned with organizational goals. It helps organizations attract, motivate, and retain employees while ensuring compliance with company policies and labour laws.
From an industrial professional’s perspective, pay satisfaction depends not only on salary amount but also on fairness, transparency, performance-based growth, and timely increments. Employees feel satisfied when their pay reflects their skills, experience, and contribution to the organization.
Effective compensation management improves employee motivation, productivity, and retention. When employees perceive their pay as fair and rewarding, they are more committed to their work, contributing to overall organizational success.
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