A presentation on compensation benefits

1. Compensation & Benefits Devashish Rai [email_address]

4. 1. Introduction www.devashishrai.co.cc

6. Purpose… www.devashishrai.co.cc Administratively Efficient Attract talent Motivate & Retain Staff Legal Compliance Institutionalized Processes Effective Compensation Ensure Equity Contribution based Remuneration Reward Valued Behavior

7. 2. Theories www.devashishrai.co.cc

11. 3. Statutory Compliance www.devashishrai.co.cc

13. Rate of Contributions… www.devashishrai.co.cc BY EPF A/C (Para 29 of EPFS) EPS A/C (Para 3 & 4 of EPS) EDLI A/C (Para 7 of EDLIS) ADMN CHARGES (By non exempted est.) [Para 38] INSP CHARGES [By exempted est. only [para 27A(2)] Interest in case of Delayed Remittance [Sn 7Q] Penal Damages for Delayed Remittance and Non-Compliance [Para 32 A & Sn 14 B of EPF & Para 5 of EPS] EMPLOYER [12--8 .33% OR [10-8.33]% 8.33% ONLY UPTO 58 YEARS 0.5% EPF=1.1% EDLI = 0.01% EPF = 0.18% EDLI = 0.005% 12% LESS THAN 2 MONTHS = 17% 2 MONTHS TO 4 MONTHS = 22% 4 MONTHS- TO 6 MNTHS = 27% 6 MONTHS & ABOVE = 37% EMPLOYEE 12% OR 10% NIL NIL NIL NIL NIL NIL

15. 4. Methods www.devashishrai.co.cc

17. Base salary + Annual bonus and incentive pay = Total Cash Compensation + Value of annual equity awards + Executive benefits and perquisites + Executive retirement/wealth accumulation = Total Direct Compensation + Personal needs and wants = Total Rewards www.devashishrai.co.cc

18. www.devashishrai.co.cc Tasks Responsibilities Duties Job Analysis Job Descriptions Job Specifications Knowledge Skills Abilities Comp. & Benefits

20. 5. Current Trends www.devashishrai.co.cc

23. www.devashishrai.co.cc

25. Questions? www.devashishrai.co.cc Thank You! 