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By:Adil.M.A.Khan M.S.

(Banking)

Compensation
Management in Banks

Concept of Compensation
Administration
Base

wages and salaries

Basis

to judge pay system

Incentives

System

and benefits

of compensating employees

Purpose of Compensation
Administration
Attracting
Retaining
Financial
Legal

Talented Resource
& Motivating Employees

Management

Requirements

Concept of different
wages
Minimum

Fair

wages

wage

Living

wage

Basic wage Plans


Time

Wage Plan

Piece

wage Plan

Skill-based

Pay

Competency-based
Brand

Banding

Pay

Other kinds
Variable

Compensation

Executive

Wage

Compensation

differentials

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