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•   Identify and develop the competencies needed by the HR managers to solve the existing issues in the organization and•   Formulate successful strategies in the field of compensation management to overcome the challenges.   Subject : ( compensation and benefits )

•   Identify and develop the competencies needed by the HR managers to solve the existing issues in the organization and•   Formulate successful strategies in the field of compensation management to overcome the challenges.   Subject : ( compensation and benefits )

Principles of Management
Principles of Management
OER 2019th Edition
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax
Chapter11: Human Resource Management
Section11.6: Talent Development And Succession Planning
Problem 1DQ: How does real-time performance management compare to the traditional annual performance process? How...
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•   Identify and develop the competencies needed by the HR managers to solve the existing issues in the organization and
•   Formulate successful strategies in the field of compensation management to overcome the challenges.

 

Subject : ( compensation and benefits )

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Compensation management is the type of management practice which deals with designing and implementing a compensation package. In compensation management the manager sees the reward that an individual will receive for his work done for an organization. Compensation can be in the form of cash or any added benefit to the employee in favor of his work done for the organization.

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