Hi, I am doing an MBA project on compensation and benefits. Can you please guide me in preparing a questionnaire regarding the topic? I want clear information about the compensation and benefits of an organization.
From India, Visakhapatnam
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1From India, Visakhapatnam
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B4 that U sud gothru the WC Act, ESI Act, PF act & Gratuity Act u ll be getting a clear picture Regards, Sukumar Sr. Exe HR & IR
From India, New Delhi
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From India, New Delhi
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Hi,
When you are working on a project, I am sure you must be familiar with the areas within Compensation and Benefits. Anyhow, you could consider the following:
- Job Descriptions
- Job Evaluation
- Grading System
- Salary Scale (single or multiple scales)
- Pay Policy (overall including pay increases based on inflation, merit, etc.)
- Bonuses and Incentives
- Employment Contracts
- Benefits and Perks
All the best,
Raghu
From India, Madras
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When you are working on a project, I am sure you must be familiar with the areas within Compensation and Benefits. Anyhow, you could consider the following:
- Job Descriptions
- Job Evaluation
- Grading System
- Salary Scale (single or multiple scales)
- Pay Policy (overall including pay increases based on inflation, merit, etc.)
- Bonuses and Incentives
- Employment Contracts
- Benefits and Perks
All the best,
Raghu
From India, Madras
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Dear Jacklin Thomas,
My suggestion is that you first collect data based on levels. For example, determine which employees fall under which category. Then, review the policies to understand which policies apply at each level and the associated facilities. This approach can also be applied to analyzing the salary structure. Please make sure to refer to all HR policies as well.
Regards,
Jecklin Thomas
From India, Vadodara
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My suggestion is that you first collect data based on levels. For example, determine which employees fall under which category. Then, review the policies to understand which policies apply at each level and the associated facilities. This approach can also be applied to analyzing the salary structure. Please make sure to refer to all HR policies as well.
Regards,
Jecklin Thomas
From India, Vadodara
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Hi All, How to do the Job Evaluation and Grading System cause i just finish the Job Description by Doing a job Analysis Thanks & Best Regards, Rana Abu Afia
From Egypt, Cairo
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From Egypt, Cairo
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Compensation Challenges
The subject of compensation is very challenging. You need to design it in such a way that management has a minimum indirect burden, and employees receive maximum take-home pay. The salary structure should also be tax-friendly, considering minimum wages, PF, and ESIC, along with all other statutory obligations.
The system should be more performance-based and competency-based rather than fixed.
From India, Hyderabad
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The subject of compensation is very challenging. You need to design it in such a way that management has a minimum indirect burden, and employees receive maximum take-home pay. The salary structure should also be tax-friendly, considering minimum wages, PF, and ESIC, along with all other statutory obligations.
The system should be more performance-based and competency-based rather than fixed.
From India, Hyderabad
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The Hay Job Evaluation System.doc
Hay System of Job Evaluation.pdf