Dear Team,Plz suggest me what are the component should i learn as HR in compensation benefit part.what is compensation benefit,and what are the part should i learn as hr executive.
From India, Bhubaneswar
From India, Bhubaneswar
Dear Rajlaxmi,
There is a point of beginning to what you are seeking and no end to it.
Please start with understanding pay structures and its features such as basic, PF, Deductions and so on. Understand the core and how the rest depends on the percentage of it.
Grade and skill pay follows. Understand how it works in your firm and compare it to others in the sector. Read about Mini-max and salary calculations.
Once you have the basics in place you can explore the strategies and design.
If you have a budget, you can consider enrolling for a training session offered by the firms such as Towers Watson.
From India, Mumbai
1858There is a point of beginning to what you are seeking and no end to it.
Please start with understanding pay structures and its features such as basic, PF, Deductions and so on. Understand the core and how the rest depends on the percentage of it.
Grade and skill pay follows. Understand how it works in your firm and compare it to others in the sector. Read about Mini-max and salary calculations.
Once you have the basics in place you can explore the strategies and design.
If you have a budget, you can consider enrolling for a training session offered by the firms such as Towers Watson.
From India, Mumbai
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Standard Compensation & Benefit.xls
SC - Temporary workers given benefit compensation for not making permanent 4.4.2013.pdf