Problem:
Identify and discuss the major issues in managing compensation with reference to relevant HRM literature.
Additional Information:
This question is it from Human Resource Management and it is discuss about the major issues about managing compensation with reference with relevant HRM literature. Compensation for human services is concept almost every company faces challenges about. A company should decide the right amount of compensation which should not be too low or too high in terms of industry. If it is too low, most work force will not be interested in joining company and if it is too high, then there would willingness for work force to join, but the company may earn less. The solution has detailed explanation.
Total word limit: 3153 words