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Human Resource Management: Text and Cases by Swapnalekha Basak, Sharon Pande

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8

COMPENSATION

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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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