Human resource has been tagged the most valued asset of any organization. Its strategy emphasizes a “tight fit” between individual needs, rights, ambitions and goals within the organization which make compensation system central in the affairs of emerging students, scholars and Human Resource Management Practitioners the world over. This paper therefore examines and assesses how compensation and reward system can be applied in Business Education practice to improve and achieve its set objectives, which is the training of students to be equipped with the necessary skills needed for successful life in the world of work as well as in classroom management. Specifically, attention was on the concept of Business Education, compensation and reward system, its policies and objectives. The study recommends that government should look into the salary structure of business educators since salary is the basic reward obtained by an employee in an organization or institution.
