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Book Summary of Compensation Management
Compensation Management is written in a student-friendly style, it focuses on the strategic importance of compensation and its effective management to achieve organizational goals and objectives.
It is a comprehensive textbook designed to meet the requirements of management students specializing in HR.The theory is reinforced with corporate examples, exhibits, and illustrations to develop the managerial acumen of students.
The book begins with an introduction to the concept of compensation management and goes on to discuss the labour market and its impact on compensation, as well as economic theories and their implications on compensation management. Job design, performance-linked compensation, team-based compensation, executive compensation, non-monetary employee benefits, alternative employee benefits programme, motivation and compensation design, issues pertaining to sales compensation, legal and taxation issues in compensation management, and the process of wage fixation through collective bargaining are the major topics discussed in the book. It ends with an elaborate coverage of international compensation management practices
The book aims at preparing students and professionals to master the knowledge and skill sets required to effectively manage compensation with creativity, innovation, and a strategic focus. It will also be useful to HR professionals practising compensation management.
Key Features
Provides a strategic orientation to compensation management for increasing organizational effectiveness
Includes discussions on the practices of major organizations
Contains case studies of Indian and international companies such as McDonald`s, Dell, Infosys, TCS, P&G, L&T, and ITC
About The Author
Dipak Kumar Bhattacharyya ,Director, Camellia School of Business Management, Kolkata, has over two decades of experience in teaching human resources at the postgraduate level. He has served as Dean, Indian Institute of Social Welfare and Business Management, Kolkata; Director, Institute of Engineering and Management, Kolkata; and Director, Centre for Management Education, All India Management Association, New Delhi. He has also been active in training and consultancy. Dr Bhattacharyya has authored many books and has contributed articles and papers in journals of national and international repute.
Table Of Contents
Preface
Chapter 1: Introduction to Compensation Management
Chapter 2: Employee Compensation and the Labour Market
Chapter 3: Economic Theories and Compensation Management
Chapter 4: Compensation Management and Job Design
Chapter 5: Performance-related Compensation
Chapter 6: Team-based Compensation
Chapter 7: Executive Compensation
Chapter 8: Employee Benefits
Chapter 9: Employee Motivation and Compensation
Chapter 10: Sales Compensation Plan
Chapter 11: Legal and Taxation Issues on Employee Compensation
Chapter 12: Strategic Compensation Management
Chapter 13: Quantitative Tools and Innovation in Compensation
Chapter 14: International Compensation Management
Index ISBN
0195698371
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Pages : 464
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