Dear Seniors,
Can you please tell me what it means 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 should he actually focus on? Kindly provide me with an idea of what benefits include and what compensation is all about. Please consider that the company is an IT services company.
I am eagerly waiting for your valuable suggestions.
Warm Regards,
Dev
From India, Gurgaon
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3Can you please tell me what it means 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 should he actually focus on? Kindly provide me with an idea of what benefits include and what compensation is all about. Please consider that the company is an IT services company.
I am eagerly waiting for your valuable suggestions.
Warm Regards,
Dev
From India, Gurgaon
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Dear dpray,
Salary Processing, Disbursement
Wage Fixation
PF and ESI Formalities
Full and Final Settlements
Medical Allowances
Other incentives
Bonus
Leave encashment and balance
Grievances related to all the above...
These are the few things that form a part of Compensation and Benefits in any organization.
Truly Yours,
Kumar. H. P.
From Hong Kong
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Salary Processing, Disbursement
Wage Fixation
PF and ESI Formalities
Full and Final Settlements
Medical Allowances
Other incentives
Bonus
Leave encashment and balance
Grievances related to all the above...
These are the few things that form a part of Compensation and Benefits in any organization.
Truly Yours,
Kumar. H. P.
From Hong Kong
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Compensation and benefits manager job description:
1. Compare the salary structure with the similar industry.
2. Forecast salary increases within the similar industry.
3. Participate in salary surveys.
4. Compare the salary survey reports with their own industry.
5. Project salary hikes and their financial impact.
6. Identify financial impacts where necessary.
7. Ensure compliance.
8. Compare flexible benefits plans for compliance.
Jayashri
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1. Compare the salary structure with the similar industry.
2. Forecast salary increases within the similar industry.
3. Participate in salary surveys.
4. Compare the salary survey reports with their own industry.
5. Project salary hikes and their financial impact.
6. Identify financial impacts where necessary.
7. Ensure compliance.
8. Compare flexible benefits plans for compliance.
Jayashri
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employee Benefits.doc