1. Presented By:
Naveen Pandey
MBA (IB)- 1st Sem
Class Roll No. 21

2.  Wages- Meaning &Types
 Objectives of compensation Planning
 Components of wages/ salary
 Theories of Remuneration
 Guiding Principles
 Horror Stories in India
 MinimumWages in India

3. Compensation is what employee receives for
their contribution to the organization. It can
be in the form of:
 Wages
 Salary
Wages is paid to the assembly line workers or
workers at operational level. It is paid
hourly/daily/weekly.

4.  MinimumWages
 LivingWages
 FairWages

5.  AttractingTalent
 RetainTalent
 Ensure Equity
 New and desired behavior
 Control Costs
 Comply with legal rules
 Ease of operation
Internal
External
Individual

6.  BasicWage/ Salary
 Dearness Allowance
 Perquisites
 Fringe Benefits
 OtherAllowances