CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

Compensation and Administration of Salaries/Wages
Fifth Generation organisation structures depict a blurring of functional boundaries and the near collapse of hierarchies. Traditional concepts of salaries and wages still hold their place. Starting with an understanding of the fundamental defi nitions, elements and differences, the author illustrates the realms of fringe benefi ts, perks, incentives and stock options. The pros and cons of various compensation practises are discussed. Cherian John, Director of Credo Consultants, Bangalore, the author, analyses and rationalises the prevalent compensation models in India and abroad. Attendant laws, regulating mechanism and confl ict situations are also discussed.
HM/HR5

24 Mins

27 Mins

50 Pages
Equivalent classroom time: 3hrs