The amount of one’s income that is left after the utilities, rent, taxes, and necessary purchases are deducted from it. The discretionary income is then the income one has at his/her disposal to invest or save. Once the personal necessities are taken care of, the amount in hand is a free gateway to further investment, …

The act of developing and incorporating an employee compensation plan in the company’s policy is known as compensation management. It significantly refers to the organized scientific system of providing fair monetary value to the employees for their work and efforts. It includes the creation and implementation of a total pay package, which may also be …