ITM Business School, Kharghar, Navi Mumbai in collaboration with Indian Society for Training & Development(ISTD), Navi Mumbai Chapter, organised a workshop for their HR students. on “Compensation & Benefits Management” on September 22, 2018, at ITM Kharghar Campus. The resource person was Mr Siva Ravi Teja V, Human Resource Business Partner, Reliance Jio Infocom Ltd.
Mr Shiva shared his insights on the role of Compensation and Rewards in organizational management, the importance of compensation management, compensation strategy, wage determination process rules and regulations . He also deliberated on the factors influencing wage and salary structure including principles of wage and salary administration. He further conducted an excise on designing a pay structure, differentials and variable pay. He congruently elucidated the need and strategies of managing employee benefits and impressed upon latest trends in Compensation Management