Definition of Compensation in Human Resource Management
Human resource management HRM or HR is the strategic approach to the effective and efficient management of people in a company or organization such that they help their business gain a competitive advantageIt is designed to maximize employee performance in service of an employers strategic objectives. Human resource management must also comply with applicable laws and regulations such as sexual harassment laws affirmative action. Human Resource Management Human Resource Management Human Resources What Is Human It involves recruiting training and developing the people with needed skills to perform particular job positions. . Compensation management also known as wage and salary administration remuneration management or reward management is concerned with designing and implementing a total compensation package. Companies would be unable to recruit and retain employees effectively. Human Resource Management is that specialized and organized b...