It provides a comprehensive coverage of the fundamental concepts of the subject, which will be useful to postgraduate students as well as practitioners. The book begins with an introduction to compensation management, compensation management in the Indian context, employee compensation and the labour market, economic theories and compensation management, employee benefits, employee motivation and compensation, compensation management and job design, compensation management and job evaluation, performance-related compensation, team-based compensation, executive compensation, sales compensation plan, and managing rewards. This is followed by a study of topics such as legal and taxation issues in employee compensation, strategic compensation management, and quantitative tools and innovation in compensation. Finally, the text covers international compensation management.