Compensation and Benefits:please help

dpray · #1 (**permalink**) 21-01-2008, 07:18 PM

Dear Seniors,

Can you please tell me what does it mean when someone is talking about employee compensation and benefits.If the HR-Manager of an IT company was told to look after the compensation and benefits what he should actually look after. Kindly give me an idea.let me know what the benefits includes and what is the compensation all about.

Please let me know keeping in mind if the company is an IT services company.

Waiting for your worthy suggestions.

Warm Regards
Dev

dpray · #2 (**permalink**) 22-01-2008, 05:16 PM

48 views.........no comments..........please help.

Kumar H P · #3 (**permalink**) 22-01-2008, 05:17 PM

Dear dpray,

Salary Processing, Disbursment
Wage Fixation
PF and ESI Formalities
Full and Final Settlements
Medical Allowances
Other incentives
Bonus
Leave encashment and balance
Grievance related to all the above ...

These are the few things which forms the part of Compensation and Benefit in any organisation.

Truly Yours,
Kumar.H.P

dpray · #4 (**permalink**) 22-01-2008, 05:50 PM

Hi kumar,
sir! thanks for your help.

Regards
Dev

jayashridev78 · #5 (**permalink**) 22-01-2008, 06:42 PM

Compensation and benefits manager job description is

1. Compare the Salary structure with the similiar industry
2. Forecasting salary increase with the similiar industry
3.Participated in the salary survey
4.Comparision the salary survey report with their own industry
5.Projecting the salary hike and financial impact
6.Find out the financial impact wherever the necessary
7.Taking care of compliances
8.Flex plan benefits comparison as per compliance

Jayashri

Kirti Shivakumar · #6 (**permalink**) 24-01-2008, 12:49 PM

Hi

Hope this material is of some help

Kirti

guruprasad.n · #7 (**permalink**) 28-06-2008, 07:36 PM

hi kirti ma'm,

thanks for the information you have given abt Compensation benefits,,,
it is really good.......
regards,
guruprasad

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode