Fair Compensation
a big challenge
It
is not easy to describe compensation for any of the employee as well as the
HR’s while implementing the policies or the employer who is responsible to
release the salary, weather it is well paid or not. The reason behind this it
depends on many factors. Some of the factors are following from the employee point of view.
Qualification
If
companies have some consideration while deciding the salary with the
qualification, then the candidates joining from various colleges, institute,
and with various degree conflict with self as well as other colleague. If a
candidate who is joining a company comes of regular institute and someone from A-grade
institute then the expectation of the salary differs. No matter what kind of work is
allocation for both of them. Even if anybody has more certificates then
also the expectation differs regarding their salary what they are earning.
Comparison
of wages
Various companies have their own compensation
parameter but as per the perception of employees they always compare their
salary with various companies. But they overlook the task assigned to them
which vary company to company. These things happen with their colleague, friends
and batch mates also.
Nature of
work and time spend in the office
Nature
of work and time spend in office always collide with each. Few employees works
for a long duration and few complete their task within a given time, this
create a dilemma in mind set of the employees during appraisal as employees
working for long hours assume that they will be rewarded for their work and long log in hours.
Employers Views
It
is very difficult to say about the employer mindset on compensation parameter.
In small company, employers are aware of the compensation. Mostly as seen
employers want to keep the compensation part as low as they can. In the
developing countries were the population or skill employees are
available in sufficient quantity they take the advantage of any
possibility they can.
In
a big companies or MNC’s the compensation is totally depends on the management
which is group of decision making team or experts. In some company payrolls are
outsources to various consultant companies. Mostly the way for fair
compensation for this consultant companies are to do survey in various
companies and then implement the best practices.
Visit Us : http://www.hrreflect.com/
