COMPENSATION & REWARD MANAGEMENT

BySuraj Dhadve Sapanjeet singh Mustafa Sadriwala Sanjay Manda Vazir Ahmed Rinku Sahu

WHAT IS COMPENSATION ?

HOW COMPENSATION IS DECIDED?

JOB DESCRIPTION

JOB EVALUATION

ELEMENTS OF COMPENSATION

FACTORS AFFECTING COMPENSATION

INFLATION RECESSION GOVERNMENT POLICIES

INDIVIDUAL PERFORMANCE Life style

ORGANISATIONAL POLICIES WORK VALUE

EXTERNAL

INTERNAL

REGULATORY CONTROL (Labour Law)

Minimum wages Act
Pay commissions Payment of Bonus Act Payment of wages Act

REWARDS
TENURE BASED BONUS
ESOPS INCENTIVES INCREMENT PROMOTION LEADERSHIP ROLES LEAVE ENCASHMENT (Public/Private sector)

INCENTIVES
INDIVIDUAL

TEAM

ENTERPRISE

REWARD MANAGMENT

The main objective is to provide a fair end consistent bases for motivating and rewarding employee

TYPES

MONETORY

NONMONETORY

THANK YOU