Compensation and Reward Management

he book is divided into 14 chapters. It starts with Chapter 1 which deals with Understanding Rewards and Compensation System in India and the others parts of the world. It explains the old concept of Compensation and the Development of Compensation for the people who migrated from rural areas to urban areas because of industrial growth. It also discusses the economic & behavioural theories of Compensation. And the usefulness of these theories in developing pay Models and Pay Packages. The book covers salary structure, components of salaries, salary fixation, revision and the various labour laws applicable to compensation. It also throws light on compensation packages offered by Indian Industry. The book is useful for the Corporates and the HR Managers who are involved in designing the salary structure for their organization.