A Study on Rational Compensation System for Productivity Improvement in Korean Business Administration

Abstract

A business company may survive easily by increasing productivity. To increase productivity there should be fair compensation distributed by performance. Therefore, establishing a fair compensation system for employees'

contributions is a very important task in terms of strengthening management organization and keeping industry peace. While a fair compensation system is built on the basis of both compensation level and compensation structure, this

article will focus only on the latter.