All companies have strategies and policies whether they are written or unwritten, sound or unsound, followed or not followed, understood or not understood, complete or incomplete. It is nearly impossible to delegate authority without the existence of a policy. The purpose of this essay is to hold your attention about the issues and implications associated with strategically integrated remuneration/ compensation system. The two different methods of remuneration systems are integrated remuneration system (Flat rate system) …
showed first 75 words of 2077 total

showed last 75 words of 2077 total
…good remuneration system is not the only solution for a business organization. Since the payment of salaries and the provision of other remuneration benefits is a significant item of expenditure for most organizations, it is essential that such expenditure is carefully managed to guarantee the maximum level of return for the organization. It is also important that such remuneration secures work performance of a high quality, which supports he overall business strategy of the organization.