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  • Reward an Employee Receive in Exchange for performance in an Organizational Task
  • Reward an Employee Receive in Exchange for performance in an Organizational Task

Hr Hr Presentation Transcript

  • Effective Compensation
    Butti Almazrouei
    Hassan Hamed
    Moh’d Al Jufri
    SECTION C1B
  • Learning Outcomes
    • What is Compensation System?
    • Types of Compensation System?
    • Compensation and its Benefits
    • Components of Effective Compensation
    • Incentive Compensation System
    • Maslow’s Hierarchy
    • Comparison
    • Theory of Motivation
    • Factors affecting Compensation
    • Examples
    • Conclusion
  • Compensation System
  • THERE ARE TWO TYPES
    Compensation System
    DIRECT/INDIRECT
    Wages , Salaries
    BONUSES
    Commissions
    Paid Leave
    INSURANCE
    Medical Benefits
    HOUSING ALLOWANCE
  • BENEFETS ?
    BASE COMPENSATION
    Hourly wages paid to an Individual
    FLEXIBLE BENEFITS
    A program allows employee to choose from a range of benefits options.
    FRINGE BENEFITS
    Nonmonetary Compensation in the form of Health insurance, retirement plans, etc ..
  • Components of Effective Compensation
    Acquire Qualified Personnel
    Retain present Employees
    Ensure Equality
    Reward Desired Behavior
    Control Costs
  • Incentive Compensation System
    PAY FOR KNOWLEDGE
    BONUS PAY
    PROFIT SHARING
    GAIN SHARING
    EMPLOYEE STOCK OWNERSHIP
  • Maslow's Hierarchy of Needs
  • McClelland's motivation theory
  • Victor Vroom “Theory of Motivation”
    Expectancy
    Instrumentality
    Valence
  • Factors Affecting Compensation
    Market Rates
    Industry Trends
    Productivity Based
    Job Evaluation
  • EXAMPLES
    TWO : MUSANADA
    THREE : AD Municipality
    ONE : ASEAD
  • In Conclusion
    THANK YOU FOR YOU TIME