The biggest challenge for any company and its management in current scenario is to keep the employees motivated and task oriented and for that, it is required to effectively design the compensation plan and pay the employees effectively. The compensation structure for Kudler can be designed by using two approaches that is job-based approach and person-based approach.
Job-Based Approach:
In job-based approach, the compensation is based on the job performed by an employee. It does not consider the skills or competency that the employee is having. The employee gets evaluated on the tasks, he has completed and value he brought for ...