tell_amit@yahoo.co.in
hi everybody
plz provide me list of compensation. how many attribute include in compensation.. and tell me more abt compensation....
if anybody no abt the rules and policy of pvt ltd. compnay so plz tell me.......
Regards
Amit

From India, New Delhi
afolabi ajayi
6

Dear Amit/Colleagues,

It should be noted from the onset that there have been a few postings on this issue-Compensation, however I could just re-cap for the purpose of refreshing our memory or add something new...

Firstly compensation has to be fair/just-that is in a case of category/status within the same Company, no dicrminatory packages based on nepotism, gender issues, favouritism.

Secondly it has to be on the average industry benchmarked to avoid massive labour/employee turnover in the private Company.

Thirdly the compensation administration itself has to be industry or professionally component oriented, for example-dressing allowance for the marketing team or TV presenter,

In addition to be fair to Management it has to be payable apart from the issue of industry benchmarking-individual private Company should be able to sustain whatever they put forward as compensation-monthly and promptly too.

Above all in summary, there exists different subheads that compensation falls:

Basic Salary

Housing Allowance

Medical Allowance

Lunch Allowance

Welfare Allowance

Transport Allowance

Drivers' Allowance

Telephone Allowance

Dressing Allowance

Entertainment Allowance

Accident-Free Allowance

Leave/Holiday Allowance

Exhibition Allowance etal

The list can go on and on, but we should note that some are indutry related while some are career and status based compensation.

Thanks

From Nigeria, Lagos
Jagjit_s4
3

Hi Amit, Please find attached Compensation and benefits PDF file, I am sure it will be of great use to all HRD- Professionals.
From India, New Delhi
Attached Files (Download Requires Membership)
File Type: pdf COMPENSATION_Guidelines[1].pdf (60.5 KB, 161 views)

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