Paying for performance has long been the ideal in managing an organization’s compensation. The objectives tend to also include things like fairness, maximizing the impact of the salary spending, maintaining competitive salaries without overpaying.
An effective compensation plan will provide a framework within which managers can make well informed pay decisions that support the hiring, retention, and motivation of their employees.
Dewsoft’s Human Resource Compensation Management System (HRCMS) would be a useful tool to devise an implement a fair & effective employee compensation plan. It would assist organizations to correct the gap between employee compensation vis-à-vis actual performances.
It is an important detachable constituent of Dewsoft’s Human Resource Management System (HRMS). Visit us at http://hrms.dewsoftindia.com/ for further information.