Purpose of compensation management, HR Management

Assignment Help:

Purpose of compensation management:

Attracting and retaining personnel: from organizational point of view, the compensation management aims at attracting and retaining right personnel in the organization. In the Indian corporate scene, there is no dearth of personnel at a operative levels but the problems come at the managerial and technical levels particularly for growing companies. Not only they require persons who are well qualified but they are also retained in the organization. In the present day context, managerial turnover is a big problem particularly in high knowledge based organizations.


Related Discussions:- Purpose of compensation management

Recruitment and seclection , Evaluate the ethical challenges surrounding r...

Evaluate the ethical challenges surrounding recruitment and selection techniques and tools utilised by contemporary business organisationson..

What is group discussion interview, Q. What is Group discussion interview? ...

Q. What is Group discussion interview? Group discussion interview: there are two methods of conducting group discussion interviews viz. Group interview method and discussion in

Advantage and disadvantages of mail interview, Advantage of Mail Interview:...

Advantage of Mail Interview: 1. Relatively low cost. 2. Can be accomplished with minimal staff and facilities. 3. Provides access to widely dispersed samples and samples that fo

Where else are you applying for a job, Where else are you applying for a jo...

Where else are you applying for a job It is okay to admit to interviewing at other firms, but do not say where.If pressed, politely decline to say.While it is alright to convey

Leadership role, Identify a person who you consider to be a successful and ...

Identify a person who you consider to be a successful and effective leader. This could be someone you work with or for (for example: business, professional, sport, volunteer work,

What are different factors of productivity, Problem 1 Provide a short o...

Problem 1 Provide a short overview of the Deming Prize Background of Deming prize (who established it, how it helped Japan etc.) Deming Prize categories Deming Priz

Strategic hrm, Strategic HRM is involved in all the human resource function...

Strategic HRM is involved in all the human resource functions from recruitment to selection, reward, training and development and talent management. Implementing SHRM help organiza

Analysis of work process, Abraham H. Maslow and Frederick Herzberg are of t...

Abraham H. Maslow and Frederick Herzberg are of the opinion that employees are motivated to perform better when offered something that they want, something they believe will be sat

Changing scenario and driving forces of knowledge management, Changing Scen...

Changing Scenario and Driving Forces Over the past few decades, the economy of industrialised societies evolved from industrial economy to information economy and on to knowled

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd