All companies have strategies and policies whether they are written or unwritten, sound or unsound, followed or not followed, understood or not understood, complete or incomplete. It is nearly impossible to delegate authority without the existence of a policy. The purpose of this essay is to hold your attention about the issues and implications associated with strategically integrated remuneration/ compensation system. The two different methods of remuneration systems are integrated remuneration system (Flat rate system) and performance related remuneration system. …
