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elaborate and systematic manner. Unless the employer and the employee are in broad agreement (We use the term broad agreement as in many cases,

employee and the components of the compensation package. Since, this article is intended to be an introduction to compensation management, the art and science of arriving at the right compensation

It can be said that compensation is the “glue” that binds the employee and the employer together and in the organized sector, this is further codified in the form of a contract or a mutually binding l ...

ignificant differences in perception about the employee’s worth exist between the two sides), the net result is dissatisfaction from the employee’s perspective

From the perspective of the employers, the money that they pay to the employees in return for the work that they do is something that they need to plan