A serious academic work on a theme few would like to operate, this volume examines the structure and trends in compensation in public and private enterprises and multinational corporations in India. It suggests an innovative paradigm for compensation management in public enterprises in order to enhance their productivity, their national and international competitiveness, and their bond with public enterprises. Discussing some novel concepts, such as the cost to company, performance related pay, and employee stock option plans, this book also includes engaging interactions with policy makers and executives.
R. K. Mishra is a senior professor and director of the Institute of Public Enterprise in Hyderabad, India, and a visiting fellow at the London Business School. G. Srihari Rao is a former executive director at the Electronic Corporation of India Ltd. with more than 35 years of experience, and a former faculty member and resource person at the Institute of Public Enterprise. K. R. S. Sastry is a certified cost analyst, a fellow member of the Institute of Cost and Works Accountants of India, an associate member of the Institute of Company Secretaries of India, and an affiliated member of Indian Institution of Industrial Engineering. He is presently working as an advisor and senior faculty member at the Institute of Public Enterprise in Hyderabad, India. K. S. N. Raju is a former system studies engineer for the Andhra Pradesh State Electricity Board and a former employee at Bharat Heavy Electricals Ltd.