Performance-linked compensation (PLC) is a form of payment from an employer to an employee, which is directly related to the performance output of an employee and which may be specified in an employment contract.
Performance-linked compensation (PLC) is a form of payment from an employer to an employee, which is directly related to the performance output of an employee and which may be specified in an employment contract.
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
Now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
this presentation covers the following portion of HR managent:
-Human Resource Planning Process
-Difference between recruitment and selection
-Objectives of HR management
what is wage and salary administration
objectives of wage and salary administration-
Function of Wage& Salary administration
Process of Wage& Salary administration
difference between salary and wages-
This topic is about the management of human resource in a efficient way for the betterment of an organization and how it can be used to stabilize and economically power the employee as well as the organization.
Voluntary Retirement Scheme, Benefits, Adavantage to employer & employee, Drawbacks, Technicalities, Case Study SAIL, SBI, Nokia, Effective Implementation of VRS.
In this presentation, we will understand the process of wages and salary administration, job evaluation for administering wages and salary, designing a salary structure, determination of pay and salary administration of top executives.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.Compensation Management is a Process of compensation management is to establish & maintain an equitable wage & salary structure & an equitable cost structure .it involves job evaluation, wage & salary survey, profit sharing &control of pay costs.
According to Thomas J. Bergmann(1988) compensation consists of four distinct components:
Compensation = Wage or Salary + Employee benefits +Non-recurring financial rewards+ Non-pecuniary rewards.
Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according the business needs, goals, and available resources.
Supplementary compensation - compensation management - Manu Melwin Joymanumelwin
Now days the organizations use supplementary compensation over and above the base compensation. It helps in satisfying the employees as well as retaining them for long time.
this presentation covers the following portion of HR managent:
-Human Resource Planning Process
-Difference between recruitment and selection
-Objectives of HR management
what is wage and salary administration
objectives of wage and salary administration-
Function of Wage& Salary administration
Process of Wage& Salary administration
difference between salary and wages-
This topic is about the management of human resource in a efficient way for the betterment of an organization and how it can be used to stabilize and economically power the employee as well as the organization.
Voluntary Retirement Scheme, Benefits, Adavantage to employer & employee, Drawbacks, Technicalities, Case Study SAIL, SBI, Nokia, Effective Implementation of VRS.
In this presentation, we will understand the process of wages and salary administration, job evaluation for administering wages and salary, designing a salary structure, determination of pay and salary administration of top executives.
To know more about Welingkar School’s Distance Learning Program and courses offered, visit:
http://www.welingkaronline.org/distance-learning/online-mba.html
Compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation may achieve several purposes assisting in recruitment, job performance, and job satisfaction.Compensation Management is a Process of compensation management is to establish & maintain an equitable wage & salary structure & an equitable cost structure .it involves job evaluation, wage & salary survey, profit sharing &control of pay costs.
According to Thomas J. Bergmann(1988) compensation consists of four distinct components:
Compensation = Wage or Salary + Employee benefits +Non-recurring financial rewards+ Non-pecuniary rewards.
Compensation is a tool used by management for a variety of purposes to further the existence of the company. Compensation may be adjusted according the business needs, goals, and available resources.
Compensation Management in human resource managementssusercd881e
A compensation philosophy guides designing compensation structures, managing compensation & benefits programs, determining compensation packages for new hires, and providing guidance on how to incentivize and retain your most valuable employees. The benefits of a compensation philosophy are, therefore:
• Attracting talent – It allows you to present yourself as an attractive employer and differentiate your organization from the competition. As the war for talent continues, compensation is one slice of the pie that attracts new skilled employees to organizations.
Compensation plays as an important motivating factor for every employee. Compensation is a systematic approach to provide monetarily value to employees in exchange for work performed. It can also achieve several purposes assisting in recruitment, job performance, and job satisfaction. This presentation will provide you the importance of "Compensation" as an area of Human Resource Management. Topics include compensation as a whole, how to create a market competitive plan and providing employees benefit.
19. Development of a Pay System Review Job description Conduct Job evaluation Gather Wage Survey information Pay Structure Administer individual Pay adjustments Monitor and Update The Pay System