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COMPENSATION AND REWARD MANAGEMENT

LECTURE NOTES ON COMPENSATION AND REWARD MANAGEMENT IV SEMESTAR (ELECTIVE V) Ms. K. MAMATHA ASSISTANT PROFESSOR Department of Master of Business Administration INSTITUTE OF AERONAUTICAL ENGINEERING (Autonomous) Dundigal, Hyderabad - 500 043 UNIT-I INTRODUCTION TO COMPENSATION MANAGEMENT COMPENSATION , theoretical dimension, economic and behavioral; designing the pay model strategic COMPENSATION plan; wage and salary administration at the macro level. UNIT-1 The Pay Model Strategy: COMPENSATION COMPENSATION is a tool used by MANAGEMENT for a variety of purposes to further the existence of the company.

COMPENSATION AND REWARD MANAGEMENT IV SEMESTAR ... Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according the the business needs, goals, and …

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