Compensation management

{
  "id": "MLC-T-ENV-005870",
  "term": "Compensation management",
  "field": "Environment",
  "term_source": "Compensation Management",
  "definition": "Compensation Management designs, develops, and implements compensation programs that attract, retain and fairly compensate agency employees. In addition, designs, develops, and implements pay for performance compensation programs to recognize and reward high performance, with both base pay increases and performance bonus payments. This sub-function includes: developing and implementing discretionary, alternative, and nondiscretionary compensation programs; administering bonus and monetary awards programs; administering pay changes; managing time, attendance, leave and pay; and managing payroll.",
  "subject": "Information management and systems",
  "references": [
    "EPA BRM"
  ],
  "url": "https://mlchart.com/terminology/environment/compensation-management/"
}