• Rohit Singh
• Aman Kumar
• Dr. Randhir Kumar Singh

Abstract – Compensation management is the practice of the organization that involves giving monetary as well as non-monetary rewards to the employees, in order to compensate for the time they allocate to their job. The use of compensation management is increasing as organizations have started to realize the need for leveraging its human capital in order to gain a competitive edge in the industry compensation management involves “maximizing the return on human capital”. The practice of compensation management goes for beyond the mere concept of attracting and retaining talented employees in the organization. Growing awareness about human rights, democratic institutions and access to judiciary playing a vital role for effective compensation management. Now a day’s workers are not only interested for living wages. They also want to grow their needs, to be respected, to achieve goals and their involvement in decision making process. The present study is focused to laws governing compensation and contemporary issues relating to compensation management.

Compensation, Law, Management, Competitive Advantages and Need.

"Compensation Management Laws in India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.381-387, June 2019, Available :http://www.jetir.org/papers/JETIR1907941.pdf

"Compensation Management Laws in India ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp381-387, June 2019, Available at : http://www.jetir.org/papers/JETIR1907941.pdf