Salary Planning Process
Salary planning process is very important term in well settled company. Human resource often has the responsibility of overseeing a process where employees are awarded compensation adjustments. This kind of adjustments may come in the form of increases in salary, suitable cash bonuses, promotion of employee and stock and stock option plans. Though HR needs to empower company’s managers to perform the salary planning process for employees, they must ensure the business rules of organization are enforced and confidential information is safeguarded.
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