Page 102 - Appreciating Organization's Biggest Assets

implementation to ensure the Conclusion
improvement of performance and The paper concludes that private
competitive advantage, reducing secondary schools remain a
employee turnover that will veritable means of compensation
benefit both parties, employee and management in Pune. The private
employer. secondary school is one of the vital
2. The school should promote sectors necessitating the growth
compensation strategies which are and development of education,
unique to ensure that the school therefore, it is vital for schools to
enables to have a competitive edge embark on effective compensation
over their competitors. management structures and

3. The school should have reward policies that will promote employee
strategies to align with the employee performance. The study can be
performance in order to provide concluded that there were efficient
the necessary incentives to motivate and effective of compensation
employees to deliver the goals of the management practices in term of
school. compensation packaged such as
pay, reward, and incentive are a
4. The school should develop balance, competitive to motivate
precisely compensation the employee to perform their
management policy with effective job more effectively in the school.
implementation in order to However, the study found that
provide related compensation there were some challenges of
communication and its flow among compensation management that the
principals and employees. schools are facing: Compensation

5. The school should use both structures, policies, and procedures
financial and non-financial rewards such as communication of issues
in addition to providing other concerning compensation, and its
incentives that will help motivate flow and process as the need to be
employees. more strength in order to attract
and retain employees. Finally,
the study also recommended to
further comprehensive study, the
researchers should investigate
the compensation management
strategies on improving employee
performance.

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