Fair Compensation is a pivotal factor for better qualitative work life in Steel Industry
Srinivas Subbarao Pasumarti1, Pentapati Tirumala2
1Srinivas Subbarao Pasumarti, Professor & Dean, Faculty of Commerce & Management Studies Sri Sri University, Cuttack, Odisha
2Dr. Pentapati Tirumala, Associate professor in Management, Department of Sciences & Humanities Lendi Institute of Engineering & Technology Vizianagaram Dist, A.P., India

Manuscript received on November 20, 2019. | Revised Manuscript received on November 26, 2019. | Manuscript published on 30 November, 2019. | PP: 2896-2901 | Volume-8 Issue-4, November 2019. | Retrieval Number: C5855098319/2019©BEIESP | DOI: 10.35940/ijrte.C5855.118419

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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: Employee of any organization can be motivated with his compensation which leads to increase of organizational effectiveness. In steel industry more than 80 per cent of employees working in production processing operations related to turn iron ore into finished products. Organization can manage its talent by motivating the employee in several ways. Among them fair compensation plays pivotal role to better quality of work life. This factor varies according to nature of organization. This paper studies how quality of work life influences with variations regarding to fair compensation in public sector organisation (RINL) and private sector organization (Essar steels) in Visakhapatnam.
Keywords: Conceptualized, Pivotal, Wage Legislations
Scope of the Article: Challenges of Industry and their Solutions, Communications.