Your SlideShare is downloading. ×
0
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Compensation management
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Compensation management

358

Published on

Published in: Education
0 Comments
2 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
358
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
26
Comments
0
Likes
2
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. COMPENSATIONMANAGEMENTSubmitted by:Gurpreet Singh
  • 2. CONTENTSIntroductionObjectivesComponentsImportanceFactoraffectingconclusion
  • 3. INTRODUCTION Compensation is a systematic approach to providing monetary & non monetary value to employees in exchange for work performed. Compensation may be defined as money received in performance of work and many kinds of benefits that an organization provides to their employees.
  • 4. OBJECTIVES To recruit & retain qualified employees. To increase or maintain morale. To determine basic wage & salary. To reward for job performance.
  • 5. COMPENSATION COMPONENT compensation monetary Non monetary direct indirect
  • 6. COMPONENT Direct compensation Base Pay Bonus Long term incentives Perks or perquisites
  • 7. CONT…Indirect compensation Insurance (health, eye). Leaves (sick, holiday/personal) Clothes Company parties Phones/laptop Retirement programs
  • 8. NON MONETARY Enhance dignity & satisfaction from work performed. Promote social relationship with co- workers. Allocate sufficient resources to perform work assingments. Offer supportive leadership & management. Enhance physiological health, intellectual growth.
  • 9. IMPORTANCEJob descriptionJob analysisJob evaluationPay structureSalary surveys
  • 10. FACTOR AFFECTTINGExternal Internal Demand &  Compensation supply of labour policy Cost of living  The org. ability to Society pay Labour unions  Job analysis & The economy description  Employee
  • 11. CONCLUSION We can say that goodcompensation can increase theproductivity of an organizationbecause its provides variousrewards, bonus, schemes etc. andits compulsary for everyorganization.
  • 12. ?PLEASE

×