Journal of Human Resource and Customer Relationship Management

Vol 2, No 1 (2018)

Importance of Performance Based Remuneration & Reward Policies in HR Strategy: A Study of Leading Indian IT Companies

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Authors: Ramesh Kumar Bagla, Navneet Joshi

Abstract: Suitable remuneration and reward policies are of vital importance for attracting and retaining high performers. While a number of studies have been conducted to deliberate upon various constituents of remuneration and reward policies, the importance of these policies in human resource (HR) strategy has not been brought out effectively. This study has primarily focussed on the importance of remuneration and reward policies in HR strategy as perceived by junior and middle level employees across six leading IT companies of India. Results of the study confirmed that employees consider performance based remuneration and reward policies a very important component of HR strategy to attract and retain the best performers in highly competitive IT sector.

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