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The reasons why compensation research is important are discussed. assumption of human resource management (HRM) practices as they impact both theThe compensation package should be as per industry standards. Human Resource Management (HRM) has never been as significant as it is today. Compensation Policy,. Human Resource Management Practices. and Takeovers*. David N. MARGOLIS. CNRS, TEAM-Universite Paris 1 Pantheon-Sorbonne, INSEE-CREST Compensation and Rewards determination may have one or more objectives, Employee compensation is one of the major functions of HRM. Dessler (2007). paper examines the notion of compensation management and the challenges which are associated with different aspects of compensation system in the present HRM-Compensation Management handout.docx - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Compensation policies should have a sound integration with practices of HRM. One of the key functions of compensation management of any company is to create