This is a comprehensive textbook on compensation and reward management. In a competitive environment the most important task is to attract and retain the right resource. It is therefore necessary to design an attractive compensation package; otherwise the growth of the organization will be adversely affected. This new area has emerged as a separate discipline. Earlier, salary administration was a part of Human Resource Management. The book deals with concepts, tools, techniques, and designs of salary administration. The text is written in accordance with the UGC syllabus for MBA students of our universities. The text is divided into 24 chapters, each chapter discusses a specific problem in the light of modern developments.