A Study of Compensation Practices in Leading Corporate Retail Stores

Malisetty Venkata Suryanarayana, M. Nagavalli

Abstract


Compensation means the remuneration received by an employee for his services to the organization. Effective compensation management attracts and retains talented employees in the organization.  In the present competitive labor market, organizations need to leverage their human capital to keep up a competitive position. The reward system is primarily based on the employees’ performance and contributions to the company. In general, monetary or non-monetray compensation benefits are definitive in the organization and it matters a lot to the individual employees. Thus, the retail in particular is a service sector and growing rapidly in India. The massive growth creates competition among the retail organizations.  Therefore, a lot of demand is generated for skilled employees in this industry. To meet this demand, organizations have to offer good pay packages to their employees. With this important aspect, the current study has been taken up to investigate and suggest the corporate retail stores for implementing good compensation practices. The current study reveals the employees’ satisfaction levels on compensation practices followed by the leading corporate retail stores.   

 

 


Keywords


Compensation, Reward, Motivation.

Full Text:

PDF

Refbacks

  • There are currently no refbacks.


Copyright (c) 2018 Edupedia Publications Pvt Ltd

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Publisher

EduPedia Publications Pvt Ltd, D/351, Prem Nanar-3, Suleman Nagar, Kirari, Nagloi, New Delhi PIN-Code 110086, India Through Phone Call us now: +919958037887 or +919557022047

All published Articles are Open Access at https://edupediapublications.org/journals/


Paper submission: editor@edupediapublications.com or edupediapublications@gmail.com

Editor-in-Chief       editor@edupediapublications.com

Mobile:                  +919557022047 & +919958037887

Websites   https://edupediapublications.org/journals/.

Journals Maintained and Hosted by

EduPedia Publications (P) Ltd in Association with Other Institutional Partners

http://edupediapublications.org/

Pen2Print and IJR are registered trademark of the Edupedia Publications Pvt Ltd.