What is Compensation Management (Pay and Rewards)?
Turkish: Tazminat Yönetimi
Compensation management is a process that determines employees' pay, bonuses, benefits and incentive systems. Fair and competitive compensation management is an important factor in retaining talent.
Related terms
Competitive CompensationCompetitive compensation means paying employees in line with average salary levels in the sector. It is a…Compensation ManagementCompensation management is a strategic process that determines employees' salaries, bonuses, incentives and…Full-Time Equivalent (FTE)Full-time equivalent refers to calculating an employee or workforce in proportion to full-time employees.…Technology-Enhanced LearningTechnology-enhanced learning means managing employee training processes with digital tools and online…