Compensation Management What is Compensation Management and Why is it Important? Anjana Desai, November 6, 2024November 6, 2024 In any workplace, compensation isn’t just about paychecks—it’s a fundamental aspect of an organization’s strategy. Compensation management is the systematic approach to planning, distributing, and overseeing employees’ rewards, including salary, benefits, bonuses, and other incentives. This function has become increasingly essential as organizations recognize that employee compensation significantly influences… Continue Reading