The book provides a comprehensive coverage of the fundamental concepts of the subject, which will be useful to postgraduate students as well as practitioners. The book begins with an introduction to compensation management, compensation management in the Indian context, compensation responsibilities, types of compensation, incentives, fringe benefits, wage mix.
The book covers Wage Theories which includes various theories of wages, wage structure, wage payment, wages and salaries administration followed by Executive Compensation, Compensation in Multinational Companies and approaches to International Compensation.
The book throws light on laws relating to wages and Bonus, Wage Boards, Pay Commission, security benefits and Work life balance.
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