Compensation, Incentives and Benefits Strategies of Amana Group Limited

Abstract

Last three month I give my full afford to complete my Internship program sited at the Amana Group Ltd. Meanwhile my internship program was directed to appreciate compensation, incentives and benefits strategies. I gathered some practical knowledge and accountabilities of the operative. As a result I ask them and cooperate by their opinions and support of the Company. I obtain to gather sufficient knowledge and help from that company. In the era of globalization, it is too much difficult for an organization to sustain in the competitive market challenging with others. So, to compete with other organizations, an organization needs to use its human resources in an efficient & effective way. There is no way to sustain in the completion without the suitable use of human resources. To get the high productivity or high performance from each employee an organization must do better compensation management practices. On the other hand, Sound Compensation/Reward System brings peace in the relationship of employer and employees. So in this report, I have tried to discover compensation strategies of Amana Group Limited. To accomplish that I have done internship program. To do internship analysis I have gathered information about compensation, incentives of different job station. A marketplace survey has been conducted for designing recompense system in Graphics Textiles Limited. The studies on this issue empirically and practically learn that better reward practices largely be contingent on the quantity of consistent mechanisms and things. Like office Knowledge, skill, exercise, neutral upgrade policies, fair judgement. Despite modifications in decision comes from personnel and staff of the company related to this part, which detections of the average level content in reward management achieves.