The document provides a comprehensive overview of employee compensation, detailing various components such as direct and indirect pay, benefits, and compensation systems. It includes information on compensation plan types, employee benefits criteria, and tools for creating compensation packages and reports. Additionally, the document offers templates and surveys to assess employee satisfaction with compensation and benefits.
Employee Compensation Breakup
Benefits
•Health / Medical Insurance
• Life/ disability Insurance
• Paid time off
• Retirement
• Educational assistance
• Work-life Support
Compensation
• Base Pay
• Wages
• Salaries
• Variables Pay
• Bonuses
• Incentives
Performance &
Talent Management
• Human resource development
• Career & succession Planning
• Performance appraisals
• Goal Setting
• Training
EMPLOYEE
COMPENSATION
BREAKUP
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6.
Employee Compensation System
Indirect
Compensation
Direct
Compensation
Protection
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
Base Pay Merit Pay Incentive Pay
• Bonus
• Commission
• Piece Rate
• Profit Sharing
• Stock Option
• Shift Differential
Deferred Pay
• Savings Plan
• Stock Purchase
• Annuity
Salary Wage
COMPENSATION
SYSTEM
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7.
Employee Compensation
Plan Types
Territoryvolume 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
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
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
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
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Employee Compensation Package
CreatingEmployee
Bonus & Incentive
Programs
Determine if Salaries
are Competitive
Pay Raises
Set Different Salary
Grades
Build up a
Pay Philosophy
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9.
Pay Raises
Creating EmployeeBonus &
Incentive Programs
Set Different Salary Grades
Determine if Salaries
are Competitive
Build up a
Pay Philosophy
Employee
Compensation Package
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10.
Compensation Plan Framework
Internal
Assessment
•Job Analysis
• Job Evaluation
• Pay Policy
External
Assessment
• Base Pay Structure
• Market Analysis
• Add Text Here
Management
• Communicate the Plan
• Pay for Performance
• Add Text Here
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Employee Compensation Structure
Name
Designation
Location
Dateof Joining
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
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Employee Compensation Sheet
EmployeeName:
Designation:
Month & Year:
Earnings Deductions
Basic & DA 6,200.00 Provident Fund 458.00
HRA 3,100.00 E.S.I 220.00
Conveyance 400.00 Loan -
Add Text Here Add Text Here -
Add Text Here Add Text Here -
Total Addition 9,700.00 Total Deduction 678.00
NET Salary 9,022.00
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Employee Compensation ReportSample
August 21,2019
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
Benefits Contributions
% OF BENEFITS TO COMPENSATON
12%
10 December 2019
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
TOTAL COMENSATION REPORT
COMPENSATION BREAKDOWN
Taxes
Benefits
Wages
Company
You
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14.
ListofEmployeeBenefits
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Meal Breaks
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Employees Allowance
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Achievement Award
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Pay Raise
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Paid Vacation
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Perks & Bonuses
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Social Security
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Health Insurance
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15.
Employee Benefits Criteria
LifeInsurance
Super-
Annuation
Mediclaim
Leave
Encashment
Gratuity
Provident
Fund
Personal
Accident
Legally
Required
EMPLOYEE
BENEFITS
Discretionary
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Employee Benefits ComponentTable
Employer Government
Minimum Wage SSS benefits
Holiday Pay Pag-IBIG Benefits
Overtime Pay Philhealth Benefits
Night Shift Pay ECC Benefits
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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Add Text Here Add Text Here
Add Text Here Add Text Here
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Employee Benefits Concept
EMPLOYEES
ALLOWANCE
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MEAL
BREAKS
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PAY
RAISE
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ACHIEVEMENTS
AWARD
SOCIAL
SECURITY
PARKS &
BONUSES
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Employee Benefits Template12
Achievement
Award
Social
Security
Perks &
Bonuses
Paid
Vacation
Pay
Raise
Meal
Breaks
Employees
Allowance
Health
Insurance
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Employee Benefits Template2/2
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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Employee Benefits
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Employee Benefits SurveyTemplate
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.
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Our Team
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Name Here
Designation
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Designation
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Name Here
Designation
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Financial
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$256
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$540
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$659
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Values Client
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Target Audience
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Premium Services
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About
Us
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Idea or Bulb
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Mission
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Goal
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Vision
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Our
Mission
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SOWT Analysis
Strengths
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Weakness
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opportunities
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Threats
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Timeline
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2017
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2018
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2013
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2015
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2019
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2014
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2016
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Puzzle
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Comparison
Whatsapp
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Facebook
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60%
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