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
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From India, Bhubaneswar
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Understanding Compensation and Benefits
There is a point of beginning to what you are seeking and no end to it. Please start with understanding pay structures and their features, such as basic pay, 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 firms such as Towers Watson.
Regards
From India, Mumbai
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1872There is a point of beginning to what you are seeking and no end to it. Please start with understanding pay structures and their features, such as basic pay, 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 firms such as Towers Watson.
Regards
From India, Mumbai
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PMS COmpensation and Benefits.doc
Certified Compensation & Benefits Manager.pdf
Compensation and benefits.ppt