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Slope of compensation managementCompensation Management
Prepared By
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Manu Melwin JoyAssistant Professor
Ilahia School of Management Studies
Kerala, India.Phone – 9744551114
Mail – [email protected]
Slope of compensation management
• Every person has a different
definition of compensation
depending on the life
experiences of that person. To
a watchman working in an
organization, the word
compensation is likely to mean
money.
Slope of compensation management
• To a manager or executive
concerned about paying for his
children’s college education and
saving for retirement,
compensation will mean money as
well as the organization's stock
options, performance bonus,
ownership stake, recognition,
career growth and many more.
Slope of compensation management
• To a social worker, it could
be the sense of satisfaction
one gets by serving the
disadvantaged people rather
than money, stock options or
performance bonus that is
more meaningful.
Slope of compensation management
• Thus compensation means not
just money but benefits like
employee development, even
though not necessarily viewed
by the employee as
compensation, is a substitute
for money and a major cost for
organizations.
Slope of compensation management
