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Inventi Rapid - Business Research & Reviews

Articles

  • Inventi:mbr/19/11
    DESIGNING AN EFFECTIVE COMPENSATION SYSTEM
    Vedvyas Dwivedi, Harsh Modha*

    An organization understands that effective compensation and benefit plans are critical to success in today’s highly competitive business environment. A shortage of qualified talent and demand for more stringent executive accountability and long term commitment has been increased. Compensation is the cornerstone of any organization’s talent management strategy. It drives lone term planning for a company and effects key performance drivers of the workforce. Compensation has become a key issue for the high performance organization, as the employee and management systems utilized by the organizations must be reinforced through the reward structure.

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