Vinita Ppt

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      COMPENSATION

    MANAGEMENT

      Presented by:

      Vinita   133

    M.B.A . Gen. (B)

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    COMPENSATION MANAGEMENT Compensation Management is an

    organised practice that involves balancing the wor! e"ployee relation by providing "onetary and non "onetary bene#ts to e"ployees.

    Compensation incl$des pay"ents s$ch as

    bon$ses% pro#t sharing% overti"e pay%recognition rewards and sales co""ission.

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    BEHAVIOURAL

    THEORIES Behavio$ral theories revolves aro$nd the

    concept that organisations o&er better co"pensation to deter $ndesirable behavio$r by "aing a 'ob too good to lose

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    o"e o the pro"inent behavio$ral theories are :

    o

    *"ployee+s acceptance o a ,age level o -nternal wage str$ct$re

    o ,age and "otivators

    o o$rna"ent heory

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    Emploee!s a""eptan"e o# $age le%el  his ind$ce an e"ployee to stay

    on with a co"pany.  he si/e 0 prestige o the co"pany % the power o the $nion %

    the wages and bene#ts that the e"ployee receives in proportion to the contrib$tion "ade by hi"!all

    have their i"pact.

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    Inte&nal 'age

    St&("t(&e  his% theory i"plies that co"pensation is an

    internal str$ct$ral iss$e o the organisation which is in$enced by "aret and social actors.

    ocial nor"s% traditions% c$sto"s prevalent in the organisation and psychological press$res on the "anage"ent% the prestige attached to certain 'obs in ter"s o social stat$s

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    To(&nament T*eo& Model developed by 4a/ear and 5osen

    oc$ses on an organisation+s hierarchy as an

    incentive instr$"ent.  his "odel co"pares lie in an organisation to

    a sporting "atch.

    or e6a"ple! A Gol to$rna"ent