Compensation Management Practices in Media Organisations

Abstract

Aim:To investigate compensation management practices in media organisations.Objectives:1.To explore the difference between compensation management practices prevailing in print and electronic media organisations.2. To scrutinise the difference in  perceptions of reporters and editors working in media organisations.3. To find perceptions of reporters and editors on compensation management practices prevailing in print and electronic media organisations. Methodology: Survey is done using questionnaire to gather data from editorial staff.Non-probability,purposive sampling method is used to gather data.Conclusions: There is no significant difference between perceptions of reporters and editors on fair wage prescribed by working journalist act. Hence, null hypothesis is accepted. There is no significant difference between groups and within groups of print and electronic media towards adequate compensation will be paid in case of removal, hence, null hypothesis is accepted. Majority of the respondents strongly disagree that each employee has a different compensation depending on his/her arrangement with the management.

Keywords: Compensation management, Working Journalist act, Bonus, Fringe benefits,Job satisfaction

“Compensation management is crucial for organisational success, as it is heart beat of human resource management. It is important for employers and employees, as employers wish for profits from the organisation and employees aspire for getting satisfactory compensation for their work to the organisation.”