Compensation Management
What’s inside every chapter
Every idea opens with its definition and the scholars behind it — Milkovich, Henderson, Bhattacharyya and more — so you know exactly who said what.
Wage theories, job evaluation methods, pay structures and incentive plans laid out with tables and diagrams you can apply directly.
Compensation treated as a strategic investment in human capital — aligned to organizational goals, not just an operational cost.
Variable pay, ESOPs, security and retirement benefits, healthcare and employee services — with guidance on designing the full package.
Executive and international pay, wage administration in India, wage boards and pay commissions, internal and external equity.
Automation, AI and analytics in compensation, shifting workforce demographics, and sustainable, ethical reward strategies.
Browse the modules
How to use this book
Read a chapter top to bottom the first time: each opens with its definition and the scholars behind it, builds up the frameworks with tables and diagrams, and anchors them in real organizational and Indian practice. Move module by module — foundations first, then system design, then performance pay and benefits, and finally executive, global and future-facing pay. When you need a refresher, the Syllabus page is your map to every module and topic.
About the authors
Vijayakumar P is an Educator & Data Analytics Professional with 8+ years in Analytics, AI and HR. UGC-JRF-NET in Management.
Rani C is an Educator & HR Business Intelligence Professional with 8+ years in HRM and HR Analytics. UGC-NET in Management.
References
- The Compensation Handbook: A State-of-the-Art Guide to Compensation Strategy and Design. Berger, L. A., & Berger, D. R. (2015). (6th ed.). McGraw-Hill Education.
- Compensation Management. Bhattacharyya, D. K. (2015). (2nd ed.). Oxford University Press.
- Compensation Management in a Knowledge-Based World. Henderson, R. I. (2005). (9th ed.). Pearson/Prentice Hall.
- Compensation and Reward Management: Wage and Salary Administration and Benefits. Sharma, R. C., & Sharma, S. (2024). Routledge India.
- Compensation: Theory, Evidence, and Strategic Implications. Gerhart, B., & Rynes, S. L. (2003). SAGE Publications, Inc.
- Employee Benefits: A Primer for Human Resource Professionals. Martocchio, J. J. (2023). (7th ed.). McGraw-Hill Higher Education.
- Strategic Compensation: A Human Resource Management Approach. Martocchio, J. J. (2025). (11th ed.). Pearson.
- Compensation. Milkovich, G. T., Newman, J. M., & Gerhart, B. (2023). (14th ed.). McGraw-Hill Higher Education.
- Compensation and Reward Management. Singh, B. D. (2017). (3rd ed.). Excel Books.