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

Limitations of the selection tests, Limitations of the selection tests: ...

Limitations of the selection tests: 1. Selection test cannot make a hundred prediction of an individual on the job success. 2. If the number of candidates is small, the use

Case studies and handling qualitative data, Case Studies and Handling Quali...

Case Studies and Handling Qualitative Data: Much research in the social sciences is conducted through case studies, and it is very likely that you will be using a case study a

Written style of presentation, WRITTEN STYLE : We have already said that t...

WRITTEN STYLE : We have already said that the purpose of writing up an experiment or other piece of practical work is to enable somebody else to repeat your work, and hopefully, o

What are trade unions, Question 1 Define conflict management. What are the...

Question 1 Define conflict management. What are the causes of workplace conflicts? What are the various strategies to be adopted for resolving conflicts? Question 2 What is m

Explain red hot stove rule, Q. Explain Red hot stove rule? Red hot stov...

Q. Explain Red hot stove rule? Red hot stove rule without the continual support and regard of subordinates, no manager can get the thing done. But disciplinary action against a

Selection processes is a kind of elimination process, In the present-day In...

In the present-day Indian context most of the selection processes are virtually a kind of elimination process only. Do you agree or not? Give reasons.

RESOURCE MANAGEMENT, Explains why all firms use similar approaches to manag...

Explains why all firms use similar approaches to managing their employees?

Explain the recruitment process, Q. Explain the Recruitment process? ...

Q. Explain the Recruitment process? Recruitment process: Recruitment is a process consisting of various activities, through which search of prospective personnel both

Training for different employees, Training for different employees : The...

Training for different employees : The employees who are to be trained can be of different types and each type would require different types of training. 1. Unskilled workers

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