Compensation includes direct cash payments as well as indirect employee benefits and incentives to motivate employees. It can include bonuses, commissions, and profit sharing. Compensation aims to optimize costs while maintaining human resource satisfaction and motivating personnel to attract and retain talent. Factors that influence compensation include labor unions, comparative wages, a company's ability to pay, productivity, job nature, government policy, and company goodwill. Compensation has both financial aspects like wages, incentives, and fringe benefits as well as non-financial like comfortable working conditions and transport facilities. Managerial compensation refers to total rewards given to top executives like CEOs and CFOs in consideration of a company's capacity to pay, international impact, job complexity, and legal

1. Presented by:-
Sandeep

2. Compensation includes direct cash
payment, indirect payments in the
form of employee benefits and
incentives to motivates employee.
Compensation forms such as
bonus, commissions and profit
sharing plans.

3.  Optimizing cost of Compensation.
 To maintain satisfaction of human resources.
 Motivating personnel.
 Attract and retain talent.

4.  Labour unions.
 Comparative wages.
 Ability to pay.
 Productivity of labour.
 Nature of the job.
 Government policy.
 Goodwill of the company.

5. 1. Financial:- 2 . Non-Financial:-
Wages and salary.  Comfortable working
 Incentives. conditions.
 Fringe Benefits.  Transport facilities .
 Perquisites

6. Managerial compensation refers to
the total reward provided by the
firms to their top level of executives
in a corporation, such as
CEO, CFO and other executives
who occupy the very highest level
of management.

7.  Capacity to pay .
 International Impact.
 Complexity of the Job.
 Legal provisions.