Role of Compensation Management in Balancing the Employees relationship in Retail Industry in India
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Abstract
Compensation, in layman's terms, refers to something provided or obtained as payment or reparation, such as property, for a service or loss. The word Reward, on the other hand, refers to something offered or earned as a reward for good behaviour or as a form of retaliation for bad behaviour. In this context, the current paper focuses on wage management as a means of balancing employee relationships. The study is conducted by taking 199 employees of selected retail industry. The data has been collected by administering a structured questionnaire and analysis is done using regression analysis.
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