Page 96 - Appreciating Organization's Biggest Assets

practices, this study will be managed well in different type and
conducted in order to investigate the functions because all employees in
current practices of compensation the school are different, principals,
management in the selected private school coordinators, teachers, and
secondary schools in Pune. operational staff that require to
Literature Review provide a range of rewards, pay,
and incentive to demonstrate their
Concept of Compensation job levels. According to Kuster &
Management Canales defined that compensation
Compensation management to is a form of reward given by an
refer to the structure, policy, and organization for good performance
procedure that enables organizations that has been shown by employees
to pay employees proportionately for the expectation that employees
based on their level of performance can improve their performance.
of them It is; therefore, compensation
management play vital roles in the
assigned tasks to perform school for personnel management,
better and paid more than the and it`s one of the main pillars
average performing employees. of human resource management
When the school considered the strategies that the principal needs
compensation management is one to manage and implement it
of the main functions of human efficiently and effectively in order to
resources strategies with the best promote employee productivities,
practice by providing fairly pay performance to achieve the strategies
and benefit to employees, it will of the school. Compensation
positively encourage employees Management Practice in Private
to perform tasks better to lead Secondary Schools Pune has
to high performance, more committed to pursuing the
productivities, and to retain them Education for All (EFA) goals to
to stay longer in the school. Other reduce poverty and promote the
researchers, Anthony, Kacmar & general secondary education to help
Perrewe stated that compensation young people develop the mental
can be both financial and non- and physical with qualities that
financial. Another scholar, Dessler will enhance their employability.
addressed that the compensation Nowadays, the incensement the
is a pay, a reward, gift or bonus numbers of the private secondary
which the employee received during schools, and even the compensation
employment. It is believed that the package is more competitive, most
overall reward system needs to be

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