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Workers Compensation And Incentives PowerPoint Presentation Slides
The document provides information about employee compensation and benefits. It includes sections on basic compensation layouts, compensation components and breakdowns, compensation plan types, compensation packages and structures, benefits concepts and templates. Specific topics covered include base pay, incentives, health insurance, retirement plans, paid time off, achievement awards and more. The document is intended to serve as a reference for understanding and communicating various aspects of employee compensation and benefits programs.
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Workers Compensation And Incentives PowerPoint Presentation Slides
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- 2. Content 2 • Basic EmployeeCompensation Layout • Employee Compensation Components • Employee Compensation Breakup • Employee Compensation System • Employee Compensation Plan Types • Employee Compensation Package • Compensation Plan Framework • Employee Compensation Structure • Employee Compensation Sheet • Employee Compensation Report Sample • List of Employee Benefits • Employee Benefits Criteria • Employee Benefits Components Table • Employee Benefits Concept • Employee Benefits Segments • Employee Benefits Template 1/2 • Employee Benefits Template 2/2 • Employee Benefits Survey Template
- 3. Basic Employee CompensationLayout 3 Compensation Text Here Direct Text Here Indirect Text Here Benefits Text Here Services Text Here Incentives Text Here Merit Pay Text Here Pay Text Here Base Pay Text Here
- 4. Employee Compensation Components 4 EmployeeCompensation Text Here Non-financial Text Here Job and Career-related Benefits Text Here Social Security Text Here Incentives Text Here Pay, Salary, Wages Text Here Financial Text Here
- 5. Employee Compensation Breakup 5 EmployeeCompensation Breakup Compensation Base Pay ✓ Wages ✓ Salaries Variables Pay ✓ Bonuses ✓ Incentives Benefits ✓ Health/Medical Insurance ✓ Life/Disability Insurance ✓ Your Text Here ✓ Retirement ✓ Educational Assistance ✓ Your Text Here Performance & Talent Management ✓ Performance Appraisals ✓ Goal Setting ✓ Your Text Here ✓ Human Resource Development ✓ Career & Succession Planning ✓ Your Text Here
- 6. Employee Compensation System DeferredPay ✓ Savings plan ✓ Stock purchase ✓ Annuity Incentive Pay ✓ Bonus ✓ Commission ✓ Piece rate ✓ Profit sharing ✓ Stock option ✓ Shift differential Services and Perquisites ✓ Bonus ✓ Recreational facilities ✓ Car ✓ Financial planning ✓ Low-cost or free meals Pay for Time not Worked ✓ Bonus ✓ Vacations ✓ Holidays ✓ Sick leave ✓ Jury duty Protection Programs ✓ Bonus ✓ Medical insurance ✓ Life insurance ✓ Disability income ✓ Pension ✓ Social security Compensation System Base Pay WageSalary Indirect Compensation Merit Pay Direct Compensation 6
- 7. Employee Compensation PlanTypes 7 Straight Salary With this type of structure, you'd pay Your sales people a straight competitive Salary like all of your other employees, & nothing else. Salary Plus Commission Most commonly plan used. They’re structured in a way that sales people receive a lower base salary along with commission pay that makes up the total compensation. Commission Only 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. Territory Volume Termitary volume sales compensation plans are most often used in team-based corporate cultures. They work through the calculation of termitary volume at the end a compensation period.
- 8. 8 Employee CompensationPackage Step 1: Build upa pay philosophy Step 2: Determine if salaries are competitive Step 3: Set different salary grades Step 4: Creating employee bonus & incentive programs Step 5: Pay raise
- 9. Compensation Plan Framework Payfor Perform- ance Communi- cate the Plan Text Here Management Market Analysis Text Here Base Pay Structure External Assessment Job Analysis Job Evaluation Pay Policy Internal Assessment 9
- 10. Employee Compensation Structure 10 Name Designation Location DateOf Joining Salary Break-up Cost to Company 21,00,000.00 Component Per Annum Per Month Taxable/Non Taxable Basic 4,45,080.00 65,080.00 Tax HRA 5,45,400.00 55,400.00 Tax Medical 6,45,020.00 45,020.00 Non Tax Special Allow 1,45,700.00 35,700.00 Tax Telephone Reim. 2,45,000.00 25,000.00 Non tex Ex-gratia 3,45,100.00 - Paid annually / tex PF Employer 6,45,700.00 - Total 4,45,050.00 2,45,050.00 ESI Deduction - PF Employee 45,000.00 40,000.00 Labor Welfare Fund 600.00 500.00 Net In-hand Salary 65,245.00
- 11. Employee Compensation Sheet 11 EmployeeName: Designation: Month & Year: Earnings Deductions Basic & Da 5,455.00 Provident Fund 456.00 HRA 5,520.00 E.S.L 142.00 Conveyance 403.00 Loan . Your Text Here . Your Text Here . Your Text Here . Your Text Here . Your Text Here . Your Text Here . Total Addition 7,458.00 Total Deduction 845.00 Net Salary 7,585.20
- 12. Employee Compensation ReportSample 12 -Jan 10, 2019 Wages and Other Paid Benefit You Pay ($) Company Pays ($) Overtime 14,789.45 Wages 12,458.58 Total Wages $27,248.03 Health & Welfare Dental 312.40 Medical 1,458.50 $4,585.80 Vision 30.50 Total Benefit Contributions $1,801.4 $4,585.80 Total Compensation $38,784.31 Taxes & Entitlements 466.25 Federal Medicare 2,056.70 Federal Social Security 45.00 Federal Unemployment 32.14 State Unemployment 320.12 State Workers Comp Ins 1,458.15 Total Taxes $5,775.25 Add Name Here Employee Number 102658 Manager Alison Flanigan Department Research and Design Job Title Senior Researcher Hire/Rehire Date 11/12/2018 Length of Service 0 years, 8 mos Total Compensation Report January 1,2019-July 2019 % of Benefits to Compensation 14% Compensation Breakdown Benefits Taxes Wages Benefit Contribution Company You
- 13. 13 Listof EmployeeBenefits Achievement Award Health Insurance PaidVacation Meal Breaks Social Security Perks & Bonuses Pay Raise Employees Allowance
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- 15. Employee Benefits ComponentsTable 15 Employer Government Minimum Wage SSS Benefits Holiday Pay Pag-IBIG Benefits Premium Pay Phi health Benefits Overtime Pay ECC Benefits Night Shift Pay Your Text Here Service Charges Your Text Here Service Incentive Leave Your Text Here Maternity/Paternity/Solo Parental Leave Your Text Here VAWC Leave Your Text Here Special Leave for Women Your Text Here Your Text Here Your Text Here
- 16. 16 EmployeeBenefitsConcept Social Security Perks &Bonuses Pay Raise Achievement Award Meal Breaks Employees Allowance
- 17. Employee Benefits Criteria 17 Perks& Bonuses Employees Allowance Achievement Award Health Insurance Meal Breaks Pay Raise Paid VacationSocial Security Employee Benefits
- 18. Employee Benefits Template1/2 18 Health Insurance Perks & Bonuses Achievement Award Meal Breaks Paid Vacation Pay Raise Social Security Employees Allowance
- 19. Employee Benefits Template2/2 Employee Allowance Health Insurance Social SecurityUnion Pay Raise 19
- 20. Employee Benefits SurveyTemplate 20 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. Your Text Here Financial Benefits I am satisfied with my retirement plan. I am satisfied with my salary. Your Text Here Overall, I am satisfied with my financial benefits. Paid Time Off I am satisfied with the number of vacation, stick, and personal days that I receive. Overall, I am satisfied with my paid time off. Additional Benefits I am satisfied with my continuing education and training opportunities. Your Text Here Overall, I am satisfied with my additional benefits.
- 21. Employee Compensation andBenefits Icon Slide 21
- 22. 22 Coffee Break It’s timefor a coffee break, let’s have a cup of coffee.
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- 24. Clustered Column -Line 24 0.% 100.% 200.% 300.% 400.% 500.% 600.% 2014 2015 2016 2017 Product 01 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 02 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 03 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 25. Stacked Area ClusteredColumn 25 0 1 2 3 4 5 6 7 8 9 10 FY01 FY02 FY03 FY04 InPercentage Product 01 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 02 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 03 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 26. Area Chart 26 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% DecNovOctSepAugJulJunMayAprMarFebJan Product 01 Thisgraph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 02 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 03 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
- 27. Clustered Bar 27 0 1020 30 40 50 60 70 80 90 100 Q1 Q2 Q3 Q4 Unit Count Product 01 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 02 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”. Product 03 This graph/chart is linked to excel, and changes automatically based on data. Just left click on it and select “Edit Data”.
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