Compensation Management in Samsung - Report

Added on - 28 May 2020

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Running head: COMPENSATION MANAGEMENTCompensation managementName of the Student:Name of the University:Author note:
1COMPENSATION MANAGEMENTEXECUTIVE SUMMARYThe purpose of this report is to analyze the article on compensation management in Samsung andthus it summarizes it based on the reflection of compensation management. Human resourcemanagement of any organizations are dependent upon the strategic advantage that is connectedto the company. The main criteria of this management system is to provide a proper solution toalleviate the working culture of the company. The report also summarizes the seven keyelements of compensation management. The main criteria that is highlighted is the relationshipof performance management and compensation management as well as reward structure of thecompany. The report also gives recommendation based on the analysis.
2COMPENSATION MANAGEMENTTable of Contents1.0 INTRODUCTION.....................................................................................................................32.0 OBJECTIVES............................................................................................................................33.0 PURPOSE..................................................................................................................................34.0 SCOPE.......................................................................................................................................45.0 REFLECTION OF PERFORMANCE MANAGEMENT ON STRATEGIC HRM................45.1 THE KEY ELEMENTS OF AN EFFECTIVE COMPENSATION STRATEGIES ARE...56.0 REFLECTION FROM THE STORY........................................................................................66.1 THE MAIN ISSUES IN THAT CAN BE HIGHLIGHTED IN THE COMPANY’SCOMPENSATION MANAGEMENT........................................................................................76.2 RECOMMENDATION.........................................................................................................97.0 CONCLUSION........................................................................................................................108.0 REFERENCES........................................................................................................................11
3COMPENSATION MANAGEMENT1.0 INTRODUCTIONThe following report contains an analysis of the article based on the compensation systemof Samsung and how it is monitored and evaluated in the company(Jain &Gautam, 2016). Thenature of pay structure must go through a properly defined function in an organization. Thisparticular article highlights the compensation structure of Samsung. The compensation programof the company is should represent a proper core characteristics of the company. The report herealso highlights the relevance of a review of reward structure of the company. Performance based,profit based, gains based, merits based compensation system. The government regulation of themanagement system is also highlighted as per the need of the article.2.0 OBJECTIVESThe main objective of this research is to analyze and evaluate the compensationmanagement structure of Samsung. The article also gives insights to this management system.The motivation and rewards system is also part of this system. The reflection of thecompensation article is also given in this discussion. The objective also includes therecommendation regarding faults of the system.3.0 PURPOSEThe purpose of this report is to analyze the compensation management system ofSamsung. Their main motive is to review the contributing factors of compensation managementsystem.
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