A study of Compensation Management Essay

Regardless of the multiple benefits and advantages of reimbursement management as well as impact on employee’s performance, that cannot still be said that having compensation supervision policy can be described as panacea to achieve your goals in working with, and handling employee’s overall performance. It is therefore the duty of all managers to ensure that the use of compensating policy meets employee’s expectation so as to have good and effective performance.

The initially basic requirement of effective and functional performance system is to experience a common comprehension of the standards of performance necessary from every job holder, performance required from every single job holder and compensation management ought to be in relation with organizational goals and objectives. One of the primary required management is usually to make payment policy a veritable tool for enhancing the potentials of staff and recruiting manager or perhaps practitioners ought to be in the driving seat in ensuring that the program is run in line with the principles of fairness and collateral.