Competency based compensation system

In Today’s competitive Business environment, employees play’s a major role, human resource management helps in bringing people and organization together to achieve their goals. Earlier was completely depended upon the financial aspects,but present scenarios, success of depends resource, hence should hire competent employees. Basically this study is conceptual based system on competency compensation system. The paper makes an attempt tell how competencies workplace help compensating employees.Employees be compensated performance “Compensated better than just without considering job”. Compensating by motivate much more work towards goal. Employees will get attracted perform wherein it benefits itself.