A Study of Compensation and Rewards Practices in Small and Medium Sized Enterprises in Mysore and Bangalore Region
Journal: International Journal of Science and Research (IJSR) (Vol.4, No. 8)Publication Date: 2015-08-05
Authors : Ravi K. S; Santosh Kumar A. N;
Page : 95-97
Keywords : Compensation and Rewards practices; organizational performance; Small and Medium sized Enterprises SMEs;
Abstract
Compensation is one of the most extrinsic practices of human resource function in an organization. The questionnaire was developed and measured by using a five point Likert scales ranging from strongly disagree to strongly agree. ANOVA and Chi-square tests were used to examine relationship and impact of compensation and rewards practices on organizational performance. The results revealed that there is a significant difference in the mean agreeability scores on financial and non-financial performances of small and medium sized enterprises. Also an association exists between those organizations who adopt formal compensation and rewards practices with financial and non-financial performances of small and medium sized enterprises.
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