Study Of Compensation Management In Hdfc Bank

Introduction

A Research Design is the framework or plan for a study used as a guide in collecting and analyzing the data collected. It specifies the methods and procedures for acquiring the information needed to conduct the research effectively.

Research Methodology

Type Of Data Collected: There are two types of data used. They are primary and secondary data. Preliminary data is defined as data that is collected from original sources for a specific purpose. Secondary data is data collected from indirect sources.

Primary Sources: The questionnaire consists of a set of questions presented to respondents. Because of its flexibility, it is by far the most common instrument used to collect primary data.

Objective

• This project attempts to understand the objectives:-
• To understand in detail how to establish pay rates for different levels of employees.
• To understand the impact of compensation management on performance level.
• A comparative study of the compensation management strategies followed in different banks.

Limitations

Everything has some pros and cons and so certain limitations of this study that we could observe are as follows:

The area of project work is the banking sector so, the data or result may be approximate as the conclusion is based on the survey method i.e. primary & secondary sources (filling of questionnaires from the employees) may be hypothetical (imaginary) data.

• The organizations that have been studied and surveyed are not providing us with full information which has hampered the result and conclusion.
• Exact data was not been provided.

Scope

The scope of this project is to study the compensation management strategies in HDFC bank & to evaluate the behavior & performance of employee on their work.

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