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Compensation and Reward Management


Prowess Publishing
August 30, 2022

Book Details

The book is divided into 14 chapters. It starts with Chapter 1 which deals with Understanding Rewards and Compensation System in India and the others parts of the world. It explains the old concept of Compensation and the Development of Compensation for the people who migrated from rural areas to urban areas because of industrial growth. It also discusses the economic & behavioural theories of Compensation. And the usefulness of these theories in developing pay Models and Pay Packages. The book covers salary structure, components of salaries, salary fixation, revision and the various labour laws applicable to compensation. It also throws light on compensation packages offered by Indian Industry. The book is useful for the Corporates and the HR Managers who are involved in designing the salary structure for their organization.

Author Description

B.Sc. honours.

MLS (Master of Labour Studies), Mumbai University.

L.L.M. (Master of Laws), Mumbai University.

Diploma in Human Resource Management (HRM).

Ph.D. in Management Studies from Jodhpur National University

Worked for 25 years in the Companies like Jam Fabrics, Mazgaon Dock Limited, New India Co-operative Bank, Patel Roadways, Allana Group of Companies, specialization area: Human Resource Management, Last position held was Vice-President – HR.

Teaching Experience:

Was a Visiting Faculty in the Institutes like MET, Chetana, Somaiya, Rizvi.

Working as a Full time Faculty and as Associate Dean at IES College for last 16 years.

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