Explore the fundamentals of compensation management in human resources through this comprehensive 44-minute video lecture. Delve into the definition, objectives, and principles of compensation management, understanding its crucial role in organizational success. Learn about various types of compensation, including traditional salary and non-cash incentives, and gain insights into creating effective compensation plans. Examine the compensation management process, its challenges, and the specifics of executive compensation. Ideal for HR professionals and managers seeking to enhance their knowledge of employee remuneration strategies and practices.
Compensation Management - Types of Compensation in HR Management
Overview
Syllabus
- Introduction.
- Agenda.
- What is Compensation Management?.
- Objectives of compensation management.
- Principles of compensation management in HRM.
- Why is compensation management important?.
- Types of compensation in HR management.
- What is a compensation plan?.
- Compensation management process.
- Challenges of compensation management.
- Executive compensation.
- Summary.
Taught by
Great Learning
