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6. Employee Compensation Breakup
• Base Pay
• Wages
• Salaries
• Bonuses
• Incentives
• Variables Pay
• Health / Medical
Insurance
• Life/ disability Insurance
• Paid time off
• Retirement
• Educational assistance
• Work-life Support
• Human resource
development
• Career & succession
Planning
• Performance appraisals
• Goal Setting
• Training
EMPLOYEE
COMPENSATION BREAKUP
Compensation Benefits
Performance &
Talent Management
6
7. Employee Compensation System
Merit Pay Incentive Pay
• Bonus
• Commission
• Piece Rate
• Profit Sharing
• Stock Option
• Shift Differential
Deferred Pay
• Savings Plan
• Stock Purchase
• Annuity
Indirect
Compensation
Direct
Compensation
COMPENSATION
SYSTEM
Salary Wage
Base PayProtection
Program
• Medical Insurance
• Life Insurance
• Disability Income
• Pension
• Social Security
Pay for Time
Not Worked
• Vacations
• Holidays
• Sick Leave
• Jury Duty
Services and
Perquisites
• Recreational
Facilities
• Car
• Financial Planning
• Low-cost or Free
Meals
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8. Employee Compensation Plan Types
Commission only sales compensation
plans are exactly what they sound like –
you pay your sales people for the sales
they bring in & nothing else, there is no
guarantee of income.
Commission Only
Straight Salary
With this type of structure, you’d pay
your sales people a straight competitive
salary like all of your other employees &
nothing else.
Salary Plus Commission
Most commonly plan used. They’re
structure in a way that sales people
receive a lower base salary along with
commission pay that makes up the
majority of the total compensation.
Territory Volume
Territory volume sales
compensation plans are most often
used in team – based corporate
cultures. They work through the
calculation of territory volume at the
end a compensation period.
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9. Employee Compensation Package
Build up a Pay Philosophy
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Determine if Salaries are Competitive
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Set Different Salary Grades
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Creating Employee Bonus & Incentive Programs
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Pay Raises
Add Text Here
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10. Internal Assessment
Job Analysis
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Job Evaluation
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Pay Policy
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External Assessment
Base Pay Structure
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Market Analysis
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Management
Communicate the Plan
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Pay for Performance
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Compensation Plan Framework
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12. Employee Compensation Structure
Name
Designation
Salary Break-up
Cost to Company 9,98,000.00
Component Per Annum Per Month Taxable/ Non Taxable
Basic 4, 40,000.00 36,500.00 Tax
HRA 2,35,000.00 12,770.00 Tax
Medical 14,000.00 1,350.00 Non Tax
Special Allow 1,30,000.00 12,000.00 Tax
Telephone Reim. 33,000.00 5,000.00
Conveyance Reim 74,000.00 6,280.00 Non Tax
Ex-Gratia 20,000.00 - Paid Annually / Tax
PF Employer 52,000.00 -
Total 9,98,000.00 3,96,900.00
ESI Deduction
PF Employee 52,000.00 4, 700.00
Labor Welfare Fund 60.00 5.00
Nat In-Hand Salary 3,92,200.00
Location
Date of Joining
12
13. Employee Compensation Sheet
Earnings Deductions
Basic & DA 6,200.00 Provident Fund 458.00
HRA 3,100.00 E.S.I 220.00
Conveyance 400.00 Loan -
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Total Addition 9,700.00 Total Deduction 678.00
NET Salary 9,022.00
Employee Name:
Designation:
Month & Year:
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14. Employee Compensation Report Sample
August 21,2019 ADD TEXT HERE
Wages and Other Paid Benefits You Pay COMPANY PAYS
Overtime
Wages
Total Wages
$15,964.76
$18,980.65
$34,945.41
HEALTH & WELFARE
Dental
Medical
Vision
$214.80
$1,678.70
$80.70
$4,698.80
Total Benefit Contributions $1,974.2 $4,698.80
TOTAL COMPENSATION $39,644.21
Taxes & Entitlements
Federal Medicare
Federal Social Security
Federal Unemployment
State Unemployment
State Workers Comp Ins
$466.31
$2,020.70
$52.00
$330.17
$1,777.12
Total Taxes $4.646.3
ADD NAME HERE
Employee Number
102658
Manager
Alison Flanigan
Department
Research and
Design
Job Title
Senior Researcher
Hire/Rehire Date
11/19/2012
Length of Service
0 years ,9 mos
Benefits Contributions
% OF BENEFITS TO COMPENSATON
12%
10 December 2019
TOTAL COMENSATION REPORT
Compensation Breakdown
Taxes
Benefits
Wages
Company
You
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15. List of Employee Benefits
Meal Breaks
Employees Allowance
Social Security
Health Insurance
Perks & Bonuses
Paid Vacation
Pay Raise
Achievement Award
15
17. Employee Benefits Components Table
Employer Government
Minimum Wage SSS benefits
Holiday Pay Pag-IBIG Benefits
Premium Pay Philhealth Benefits
Overtime Pay ECC Benefits
Night Shift Pay Add Text Here
Service Charges Add Text Here
Service Incentive Leave Add Text Here
Maternity/ Paternity /Solo Parental Leave Add Text Here
VAWC Leave Add Text Here
Special Leave for Women Add Text Here
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18. Employee Benefits Concept
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Pay Raise
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Meal Breaks
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Social Security
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Employees Allowance
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Park & Bonuses
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Achievement Award
18
19. Employee Benefits Segments
Perks & Bonuses Paid Vacation
Meal Breaks Employees Allowance
Achievement Award Pay Raise
Health Insurance Social Security
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20. Employee Benefits Template 1/2
Health
Insurance
Paid
Vacation
Perks &
Bonuses
Pay
Raise
Achievement
Award
Employees
Allowance
Social
Security
Meal
Breaks
20
21. Employee Benefits Template 22
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Union
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Pay Raise
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Employee Allowance
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Health Insurance
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Social security
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22. Employee Benefits Survey Template
Statement
Strongly
Agree
Agree Neutral Disagree Strongly Disagree
Health Benefits
I am satisfied with my health plan options.
I am satisfied with my dental plan options.
I am satisfied with my vision plan options.
I am satisfied with my long-term disability insurance.
I am satisfied with my short-term disability insurance.
Add text here
Financial Benefits
I am satisfied with my retirement plan options.
I am satisfied with my salary.
Add text here
Overall, I am satisfied with my financial benefits.
Paid Time Off
I am satisfied with the number of vacation, sick, and personal days
that I receive.
Additional Benefits
I am satisfied with my continuing education and training
opportunities.
Add text here
Overall, I am satisfied with my additional benefits.
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Vision
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Mission
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Goal
Our Mission
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27. Our Team
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Designation
Name Here
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Designation
Name Here
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Designation
Name Here
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28. Financial
MINIMUM
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MAXIMUM
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MEDIUM
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$45 $95$65
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29. About Us
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Target Audience
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Premium Services
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Values Client
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30. Our Goal
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Goal 01
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Goal 03
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Goal 02
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31. Quotes
…Jack Ma
Never Give Up. Today Is
Hard, Tomorrow Is Worse, But
The Day After Tomorrow Will
Be Sunshine
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32. Idea or Bulb
Generate Idea
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33. Timeline
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2012 2014 2016 2018
2013 2015 2017 2019
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34. Mind Map
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