ON
COMPANSATION
PREPARED BY
ABEER RAJA
PGDBM
JAIN COLG
BANGALORE
SOURCES
TAPOMOY DEB.
K ASWATHAPPA.
INTERNET.
TOPICS
DEFNITION
THEORIES
COMPANSATION STRATEGY
COMPANSATION
EVERYONE LIKES TO BE PAID.
COMPENSATION IS MOTIVATION.
WAGES AND SALARY
INCENTIVES
FRINGE BENEFITS
REINFORCEMENT
EXPECTANCY
AGENCY
DISREPANCY
EQUITY THEORY
GIVEN BY ADAM
POSITS
EMPLOYE’S INEQUITY AND ITS
RESTORATION IN REMUNERATION .
IN THIS WE HAVE
INTERNAL EQUITY
EXTERNAL EQUITY
INDIVIDUAL EQUITY
Internal
equity Motivation
External Perception
Commitment
Equity Of
fairness
Individual
Equity Performance
Strikes
Desire for
More pay Grievances
Psychological
Pay Lower attractive withdrawal
Job
Dissatisfaction ness of job
Dissatisfaction
Visits to the
Absenteeism Doctor
Poor Mental
Health
EMPLOYEES SATISFACTION.
ACHIEVING GOALS.
BASED ON MERIT.
PAY STRUCTURE DECISION.
PAY DIFFERENCES BETWEEN LEVELS OF
HIERARCHY.
SIGNIFICANT PAY DIFFERENCES BETWEEN
SUBJECTIVE.
TENURE.
FACTORS AFFECTING
COMPENSATION.
EXTERNAL COMPETITIVENESS.
CHANGE IN CULTURE.
CAREER DEVELOPMENT.
FINANCIAL RESULTS.
FINANCIAL RESULT.
RISNG COST
DERMINANTS OF EMPLOYEEE
COMPANSATION
MOTOVATION OF EMPLOYEES
ORGANIZATIONAL STRATEGY
ORGANIZATIONAL STRATEGY
ORGANIZATIONAL CHARAC.
CATAGORISED
(a). Defenders.
(b). Prospectors.
(c). Analyzers.
EXTERNAL ENVIRONMENT
COMPENSATION
STRUCTURE
Fixed pay:
Base pay.
Competence-based pay.
Fixed period employment contracts.
Fringe benefits.
International remuneration.
Performance pay.
Retirement funds.
Total package.
Cont…..
VARIABLE PAY
Long-term incentives
Share schemes
Short-term incentives
Long-term incentives