Mahr
Head - Human Resources
Chocolategirl
Human Resource
+1 Other

Thread Started by #Mahr

I got this material from the web and found that informative. Just thought to share it with you all.
7th April 2010 From India, Bangalore

Attached Files
Membership is required for download. Create An Account First
File Type: pdf Compensation.pdf (78.1 KB, 2502 views)

can anybody help me out 2 find out how compensation management helps to retain employees in the organization n also improve their performance???
9th April 2010 From India, Delhi
Re: Compensation
_______________________
In order to remain competitive, you need qualified and motivated staff members to effectively run your business. Although advances in medical and computer technologies have required a more educated workforce, the renewed focus on service quality and delivery has required superior skills, attitudes and abilities. Additionally, the low unemployment rate and tight labor market have created additional challenge in attracting, retaining and motivating these qualified individuals.

Ans is Compensation plays an effective roll to retain employees
as compensation has mainly two parts
1 st is Monetary compensation
2 nd is Non Monetary compensation

to retain skilled talent u can increase his salary , offer some incentives, Some more leaves & as many things ...etc ....

Non monetary is a thing in which generally employer give some interesting working assignment
& sometime tickets to some famous places......etc

Yeah it increases the performance of an individual as if one employee is motivated & feel as his/her company,that cant be ensured...
To motivate employees compensation helps u
as in our India generally people first think about money or salary first
9th April 2010 From India, Ahmadabad
Hi,
NST is a payroll management software developed in Excel that has the following feature.
1. HR Master Creation Module
2. Adjustment Module
3. Calculation
4. Month End Module
5. Reports (Salary, PF, ESI, TDS, Payslip)
6. Generate New Designation, Department, Location, Bank Master
Thanks
9th April 2010 From India, Gurgaon

Attached Files
Membership is required for download. Create An Account First
File Type: zip Nst.zip (157.6 KB, 150 views)

Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™