Hi I am looking for information and preferably a presentation on normalization process. Though I have basic knowledge of the topic, I would like some more information. Thank You Richa
From India, Pune
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25From India, Pune
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Hi Richa,
You may like to be more explicit about your requirements and understanding of the normalization process. Please share your basic knowledge so that we can interact more specifically.
In very general terms, it will involve:
1. Neutralization of COLA
2. Industry-specific norms
3. Paying capacity
4. Normalization of pay inequities, both internal and external
5. Compensation and benefits structuring and banding
6. Balancing pay, benefits, and perks
7. Tax optimization
Regards,
Rahul Kumar
From India, New Delhi
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You may like to be more explicit about your requirements and understanding of the normalization process. Please share your basic knowledge so that we can interact more specifically.
In very general terms, it will involve:
1. Neutralization of COLA
2. Industry-specific norms
3. Paying capacity
4. Normalization of pay inequities, both internal and external
5. Compensation and benefits structuring and banding
6. Balancing pay, benefits, and perks
7. Tax optimization
Regards,
Rahul Kumar
From India, New Delhi
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Hi Rahul,
Thank you for your response. The knowledge/info that I have of a normalization process is: Once the appraisals are completed and data collated, HR and relevant managers discuss and categorize the ratings to fit them into the bell curve. Correct me if I am wrong. Would be helpful if you could assist me further.
Thanks,
Richa
From India, Pune
Acknowledge(0)Amend(0)
Thank you for your response. The knowledge/info that I have of a normalization process is: Once the appraisals are completed and data collated, HR and relevant managers discuss and categorize the ratings to fit them into the bell curve. Correct me if I am wrong. Would be helpful if you could assist me further.
Thanks,
Richa
From India, Pune
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PMS COmpensation and Benefits.doc
Certified Compensation & Benefits Manager.pdf