8
COMPENSATION
Chapter Objectives
- To understand the relevance of compensation in the HR strategy of the organization.
- To learn how to conduct job evaluation to drive internal equity and employee survey to drive external equity.
- To design and implement compensation programmes and executive compensation.
- To discuss various kinds of variable pay.
Opening Case
Devising a compensation plan: V TECH Telecom
Since the last two years, up to mid-2010, there seemed to be a fair amount of disappointment regarding the performance bonus payouts, compared to the hefty amounts received in the previous years. Even the pay hikes have taken a beating, ...
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