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HRM3705/101/3/2015Tutorial Letter 101/3/2015 Compensation ManagementHRM3705 Semesters 1 & 2 Department of Human Resource Management PLEASE NOTE: This tutorial letter contains important information
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How to fill out compensation management

01
Start by reviewing your company's compensation policies and guidelines.
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Gather all relevant information, such as employee details, salary structures, and performance evaluations.
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Input the required data into the compensation management system, ensuring accuracy and completeness.
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Calculate and allocate compensation amounts based on the established criteria and guidelines.
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Compensation management is the process of ensuring that an organization's employees are fairly and adequately compensated for their work.
Employers are required to file compensation management for their employees.
Compensation management can be filled out by using a designated form provided by the relevant governing body.
The purpose of compensation management is to attract, retain, and motivate employees by offering competitive and fair compensation.
Information such as employee salaries, bonuses, benefits, and incentives must be reported on compensation management.
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