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  • Pensation & Benefits

    Transféré par

    parakhs
    51 vues27 pages
    This document discusses compensation and benefits strategies, including developing a base pay system using job evaluation methods, determining market pay rates, and implementing variable pay plans such as bonuses linked to individual and group performance. It also covers the types of benefits companies offer employees and why offering competitive compensation and benefits packages is important for attracting and retaining talent.

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    Titre original

    7.Compensation & Benefits

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    © Attribution Non-Commercial (BY-NC)

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    This document discusses compensation and benefits strategies, including developing a base pay system using job evaluation methods, determining market pay rates, and implementing variable pay plans such as bonuses linked to individual and group performance. It also covers the types of benefits companies offer employees and why offering competitive compensation and benefits packages is important for attracting and retaining talent.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    51 vues27 pages

    Pensation & Benefits

    Transféré par

    parakhs
    This document discusses compensation and benefits strategies, including developing a base pay system using job evaluation methods, determining market pay rates, and implementing variable pay plans such as bonuses linked to individual and group performance. It also covers the types of benefits companies offer employees and why offering competitive compensation and benefits packages is important for attracting and retaining talent.

    Droits d'auteur :

    Attribution Non-Commercial (BY-NC)
    Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 27

    Compensation & Benefits

    Compensation & Benefits
    Overview
    Challenges and Objectives of a Compensation and
    Benefits Strategy
    Benefits Strategy
    Equity
    Factors Driving Individual Compensation
    Total Rewards
    Development of a Base Pay System
    Compensable Factors
    (Example: Hay System)
    (Example: Hay System)
    Job Evaluation using Point Method
    (Example Consulting Company)
    (Example Consulting Company)
    Determine the Market Line through Pay Surveys
    Compensation Quartile Strategy
    Compensation Quartile Strategy
    Pay Structure
    P G d P R
    Pay Grade, Pay Range, Pay Rate
    P R t
    Opportunities and Threats of Job Evaluation
    Compensation of Business Graduates
    Compensation of Business Graduates
    Types of Variable Pay Plans
    Piecework Systems
    One‐Time Bonuses
    Target Bonus
    Types of Relationships between Performance and
    Variable Pay
    Group Incentive Plans
    Conditions for Successful Variable Pay Plans
    Pay for Organizational Performance
    Employee Stock Options
    Types of Benefits
    Reasons why Companies offer Benefits
    Flexible Benefits (Cafeteria System)

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