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5. Employee Compensation Breakup5
Benefits
• Health/ Medical Insurance
• Life/Disability Insurance
• Paid time off
• Retirement
• Educational assistance
• Work-life Support
Performance &
Talent Management
• Performance appraisals
• Goal Setting
• Training
• Human resource development
• Career & succession Planning
Compensation
• Basic Pay
• Wages
• Salaries
• Variables Pay
• Bonuses
• Incentives
6. Employee Compensation System6
Indirect
Compensation
Direct
Compensation
• Medical Insurance
• Life Insurance
• Disability Income
• Pension
• Social Security
Protection
Program
• Vacations
• Holidays
• Sick Leave
• Jury Duty
Pay for Time
Not Worked
• Recreational Facilities
• Car
• Financial Planning
• Low-cost or Free Meals
Services and
Perquisites
Merit Pay
• Bonus
• Commission
• Piece Rate
• Profit Sharing
• Stock Option
• Shift Differential
Incentive Pay
• Savings Plan
• Stock Purchase
• Annuity
Deferred PayBase Pay
Salary Wage
Compensation
System
7. 7
Employee Compensation Plan Types
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
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.
Territory
Volume
With this type of structure,
you’d pay your sales people
a straight competitive salary
like all of your other
employees & nothing else.
Straight
Salary
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.
Salary Plus
Commission
8. Employee Compensation Package
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Pay Raises
Creating Employee Bonus &
Incentive Programs
Set Different Salary Grades
Determine if Salaries
are Competitive
Build up a Pay Philosophy
8
9. 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
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10. Compensation Plan Framework10
Job Analysis
Pay Policy
Job Evaluation
Base Pay Structure
Add Text Here
Market Analysis
Communicate the Plan
Add Text Here
Pay for Performance
Management
External
Assessment
Internal
Assessment
11. Employee Compensation Structure
Name
Designation
Location
Date of Joining
Salary Break-up
Cost to Company 10,00,000.00
Component Per Annum Per Month Taxable/ Non Taxable
Basic 4, 50,000.00 37,500.00 Tax
HRA 2,25,000.00 18,750.00 Tax
Medical 15,000.00 1,250.00 Non Tax
Special Allow 1,20,000.00 10,000.00 Tax
Telephone Reim. 36,000.00 3,000.00
Conveyance Reim 75,000.00 6,250.00 Non Tax
Ex-Gratia 25,000.00 - Paid Annually / Tax
PF Employer 54,000.00 -
Total 10,00,000.00 76,750.00
ESI Deduction -
PF Employee 54,000.00 4, 500.00
Labor Welfare Fund 60.00 5.00
Net In-Hand Salary 72,245.00
11
12. Employee Compensation Sheet
Name
Designation
Location
Date of Joining
Earnings Deductions
Basic & DA 6,200.00 Provident Fund 459.00
HRA 3,000.00 E.S.I 130.00
Conveyance 500.00 Loan -
Add Text Here Profession Tax -
Add Text Here TSD/IT -
Add Text Here
Total Addition 9,700.00 Total Deduction 589.00
Net Salary 9,222.00
12
13. Employee Compensation Report Sample
August 21,2013 ADD DATE 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
COMPENSATION BREAKDOWN
Benefits Taxes Wages
Benefits Contributions
Company You
% OF BENEFITS TO COMPENSATON
12%
10 December 2018
Total Compensation Report
13
14. List of Employee Benefits
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Social
Security
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Employees
Allowance
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Meal
Breaks
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Perks and
Bonuses
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Achievement
Award
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Health
Insurance
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Paid
Vacation
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Pay
Raise
14
16. Employee Benefits Components Table16
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/ Solo Parental Leave Add Text Here
VAWC Leave Add Text Here
Special Leave For Women Add Text Here
Add Text Here Add Text Here
17. Employees
Allowance
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Pay Raise
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Parks &
Bonuses
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Social
Security
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Achievements
Award
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Meal Breaks
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Employee Benefits
Concept
17
18. Employee Benefits Segments18
Meal Breaks
Paid Vacation
Social Security
Pay Rise
Employees Allowance
EMPLOYEE
BENEFITS
Achievement Award
Health Insurance
Perks & Bonuses
19. Employee Benefits Template 12
Social
Security
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Pay
Raise
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Employees
Allowance
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Achievement
Award
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Health
Insurance
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Paid
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Meal
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Perks and
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20. 20
Employee Benefits
Template 2/2
Union
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Pay Raise
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Employee Allowance
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Health Insurance
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Social securities
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21. 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.
I am satisfied with my tuition reimbursement options.
Overall, I am satisfied with my additional benefits.
21
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Target
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Preferred
by Many
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Values
Client
About Us24
25. 25
Our Team
Name Here
Designation
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Name Here
Designation
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Name Here
Designation
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26. 26
About
Us
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Target Audiences
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Preferred by Many
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Values Client
27. SWOT Analysis
Threats
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Opportunities
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Weaknesses
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Strengths
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29. Vision
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Mission
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Our
Mission
29
30. Our Goal
01
02
03
04
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31. Venn
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32. Comparison
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33. 33
Address:
# street number, city, state
Email Address:
emailaddress123@gmail.com
Contact Numbers:
0123456789
Thank
You