Description

About the Book

This edition takes a pragmatic look at one of the most controversial and critical issues facing all kinds of organizations in all kinds of political systems that is, how to compensate employees for services rendered. Designing and administering a compensation system that rewards employees fairly while stimulating them to provide goods and services that satisfy consumer demands and permitting the organization to operate profitably is the main focus of this edition. It also reviews and discusses what organizations are doing today to expand their base pay opportunities with incentive awards resulting from various productivity or performance measures and the complex and ever-expanding area of benefits. Students, faculty and managers would praise this edition for its compelling balance between rigorous, authoritative theory and meaningful practice within the context of a fresh, current analysis of the compensation environment.

About the Author

Dr. Vinay Ojha, is a doctorate in Management. He also has a master’s degree in Management from ICFAI University and has done B. Tech in Electrical Engineering from Nagpur University as his graduation. He has around 10 years of teaching and 11 years of industrial experience. He has worked in the companies like Bhushan Steel, Bajaj Auto at various positions. He has conducted workshops and MDPs for various organizations in the field of management and has authored many papers which have been published in national and international journals. He possesses a blend of practical and theoretical knowledge of management which is very useful in transforming management trainees.