Employee Compensation

S
Sushant MurarkaBusiness Manager at Veiovis LifeScience Pvt Ltd
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[object Object],Total Compensation Direct Indirect Pay Incentives Benefits Status based Privilege based Monetary Non monetary Two basic questions in determining pay Should different employees holding the same job or possessing the same skills be paid the same – or should managers be able to pay them differently? Which factors should be used to recognize differences in employees; that is, should differences in pay be contingent on performance, seniority, or some combination of the two?
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Job Analysis Job Evaluation Salary Survey Creation of Job Worth Hierarchy Reconciliation of Internal and External Consideration Analysis of Market Data Development of Pay Structure Approach to Compensation Management ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
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Employee Compensation

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