Presented By - Superworks
Compensation management is the strategic process of designing & administering a fair and competitive pay structure to attract, retain, and motivate employees.
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HR can create competitive and fair compensation packages that attract top talent and align with industry standards.
Compensation management process Translate compensation strategies into actionable plans.
Compensation Management in HRM can boost employee morale, retention by ensuring equitable & transparent compensation practices.
This process strategically links compensation to organizational goals, which helps in employee engagement and productivity.
Read more about the key roles of compensation management and its impact on employee engagement and organizational success.
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