Compensation Management 2e is an exhaustive textbook designed to cater to the syllabi requirements of management students. The text provides comprehensive coverage of all the basic aspects of compensation management. Furthermore, advance topics of compensation management such as difference between compensation and payroll management, pay grades and pay bands, labour welfare administration, compensation design, sample KRA and KPI, and compa-ratios have been included in the book. The focus of this particular edition is on updating rules and regulations pertaining to compensation management and the inclusion of emerging areas such as PRP in PSEs, smart compensation practices for talent engagement, recent trends in team-based compensation, foreigners working in India and related statutory compliances, international compensation strategies, and cultural issues in international compensation. Apart from providing extensive coverage of the core concepts of the subject, it includes numerous solved examples to provide students with a practical orientation towards quantitative aspects of compensation management.