Books / Book Chapters

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Author: search.filters.author.Rajapakshe, WSubject: search.filters.subject.Competition

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    Strategies for Effective Employee Rewards and Compensation Management
    (IGI Global, 2025) Rajapakshe, W
    Talent retention and employee satisfaction are critical to organizational success. Businesses must go beyond traditional pay structures to design strategies that balance financial incentives with recognition and meaningful benefits. By aligning compensation systems with organizational goals and market competitiveness, leaders can foster loyalty and boost productivity. Strategic approaches to rewards and compensation not only drive individual performance but also strengthen the overall resilience and success of the organization. Strategies for Effective Employee Rewards and Compensation Management explores the critical role of compensation management in attracting, retaining, and motivating employees while aligning with organizational goals. This book designs and implements effective compensation strategies. Covering topics such as management, business strategies, and employee retention, this book is an excellent resource for HR professionals, business leaders, educators, and policymakers.
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    Designing a Compensation Strategy
    (IGI Global, 2025-01-01) Rajapakshe, W
    This chapter provides a comprehensive analysis of compensation design as a strategic lever for organizational success. It examines strategic compensation planning, highlighting the alignment of pay systems with business objectives to motivate desired behaviors, enhance productivity, and support long- term goals. Factors affecting employee compensation—including internal equity, external competitiveness, performance, skills, experience, and market benchmarks—are explored to inform effective pay decisions. The chapter distinguishes job evaluation from performance appraisal, emphasizing its role in establishing fair, transparent pay structures. Key features and methods of job evaluation—ranking, classification, point- factor, and factor comparison—are discussed, offering practical guidance for designing compensation systems that attract and retain talent, reinforce performance, and sustain competitive advantage in evolving business environments.