Business operations

17 June 2013

Compensation: Buzz Word that Attracts the Best Talent

Written by Nidhi Arora

Compensation is the key attribute in attracting, maintaining and retaining the best employees in an ever changing competitive world. Compensation management is an effective tool in the hands of officials in differentiating between the remuneration strategies employed within the organisation and those followed by competitors.

The Need for Employee Benchmarking

Written by Nidhi Arora

If we go by layman terms, benchmarking means comparing an entity with similar ones to test the standing and to see whether any change is needed. Elaborating it a bit more and with respect to employees, employee benchmarking is the systematic process of identifying the behavioral capabilities and qualities of those who perform well.