Compensation Management
**Compensation Management**
What is Compensation Management?
Compensation management is a human resources function focused on designing, implementing, and administering employee pay and benefits programs. It involves determining appropriate salary ranges, developing bonus structures, managing equity compensation, and ensuring compliance with legal regulations related to pay equity and fair labor standards. It's commonly used by organizations to attract, retain, and motivate employees by providing competitive and equitable compensation packages.
What other technologies are related to Compensation Management?
Compensation Management Complementary Technologies
Which job functions commonly mention Compensation Management?
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