Compensation management of integrated agricultural productivity project (IAPP)
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All organizations, be these business, educational or Governmental are basically social system. The people run these. The functioning of these organizations depends on upon how people work or behave in the organization. A good compensation system is very much effective for an organization. It makes an opportunity for high involvement for the employee in an organization. Employees can compare themselves with others. It was a great opportunity for me to make a report on compensation. The titled of this report is “Compensation Management of IAPP”. I complete this report based on Integrated Agricultural Productivity Project (IAPP). IAPP is a project being implemented jointly by the MoA and MoFL which consists of four interrelated components technology generation, technology adoption, water management, and TA and capacity building. Compensation is the sum total of all forms of payments or rewards provided to employees for performing tasks to achieve organizational objectives. It is composed of the base wage or salary and incentives or bonuses and any benefits.” Compensation impacts an employer’s ability to attract and retain employees. I have divided the report into four main chapters. In First chapter I discuss detail the organization and its objectives. In second chapter I discuss the background of this study. After that in third chapter I discuss detail about compensation include types of compensation. In fourth chapter the broad objective of the report is to discover the practice of compensation system in the selected organization and to relate classroom study with that of real life situation. I provide the major findings. The compensation system of IAPP and I discuss many types of compensation and benefit that IAPP provide to their employee. Also there are some short objectives these are to identify the theories behind compensation and find out how management in the selected organizations is dealing with compensation system mainly. Here I put some theory of compensation with some major component of compensation. At the end of the report I try to give some recommendation that can be helpful of this organization with conclusion. I have given my honest and sincere efforts while preparing this report. All my exertion and efforts will be successful if it becomes helpful to Integrated Agricultural Productivity Project (IAPP).