Академический Документы
Профессиональный Документы
Культура Документы
Road map
Statutory provision governing different components of reward system Working of different institutions related to reward system like Wage boards, pay commissions Role of trade unions in compensation management
Tax planning
Wage Board
Private
Limited range Recommended by Owner Set at irregular intervals Statutory and Non-statutory Comparison within employees No Performance driven Newspaper establishments and working journalists
Pay Commissions
Public
Wide range Recommended by Government Set at regular intervals Non-statutory Equal pay for equal work within employees First, Second, Third, Fourth, Fifth and Sixth COLA Nationalized Banks and Industrial establishments
Trade Unions
"Trade Unions" means any combination, whether temporary or
permanent, formed primarily for the purpose of regulating the relations between workmen and employers or between workmen and workmen, or between employers and employers, or for imposing restrictive conditions on the conduct of any trade or business A trade unions may be defined as an organization of employees formed on a continuous basis for the purpose of securing a diverse range of benefits
Trade Unions
Trade unions are formed to protect and promote the interests of their members. Their primary function is to protect the interests of workers against discrimination and unfair labor practices
Tax planning
Contribution to State Parameters for Tax Planning revenue legally levied Age (Senior Citizen..) on person, property, Income level (Slab level) Financial goals (depends on business, etc Tax return is declaration of income etc for taxation purposes
situation) Risk appetite (More Benefit and Less risk) Awareness about tax
You are working as HR Manager in ABC Consultant. Your employer / supervisor is not happy with the implementation of current performance management system. You are told to write a letter to your employer / supervisor describing about the improvement of Performance Management System.
The income tax rates for Individuals and HUFs for FY 2010-11 are as follows Net Taxable Income (in `) Rate Upto 1,60,000 Nil Upto 1,90,000 (for women) Upto 2,40,000 (for senior citizens 65/>) 1,60,001 to 5,00,000 10% 5,00,001 to 8,00,000 20% 8,00,001 & above 30% Moreover you would also have to pay an education cess @ 3% on your tax liability computed.
The income tax rates for Individuals and HUFs for FY 2011-12 are as follows
Net Taxable Income Upto 1,80,000 Upto 1,90,000 (for women) Upto 2,50,000 (for senior citizens 60/>) 1,60,001 to 5,00,000 5,00,001 to 8,00,000 8,00,001 & above
Rate Nil
www.youtube.com/watch?v=hbkJ5MKEVEE (Behavioral Economics of Intrinsic Motivation) http://www.youtube.com/watch?v=vRTPeQZfp _A (HR Management: Compensation & Incentives )