Issues and challenges aggregate wage bill of 100 large companies having a turnover of more than rs. Understand the objective of compensation management. This compensation ppt is designed based on a concept of compensation. The basic need of compensation management is to meet the needs of both employees and the employer. This is because employees typically depend on wages and salaries, and must be equivalent to the work done. View compensation management presentation from hrm 4009 at george brown college. Compensation may be adjusted according the the business needs, goals, and available resources. Free law firm powerpoint template is helpful in starting your own law firm. Kickstart your journey into the world of compensation with this practical, yet engaging learning experience. Top content on compensation and performance management as selected by the human resources today community. Ppt compensation management powerpoint presentation free to download id. Browse compensation and performance management content selected by the human resources today community. Describe the methods of compensation, rewards, compensation structure and policy.
The active power p in kw is the real power transmitted to loads such as motors, lamps, heaters, computers, etc. Ppt compensation management powerpoint presentation. Powerpoints download only for strategic compensation. Compensation training presentation auburn university. The electrical active power is transformed into mechanical power, heat or light. Compensation management plays a crucial and functional role because it is the heart beat of human resource management. Total rewards provides a scope that demonstrates compensation is a value adding activity to the employee and not just monetarily defined. The other aim is the establishment and maintenance of an equitable compensation structure, i. Vue compensation management is fully integrated to the vue producer hub and is available as a saas or onpremise.
Unit 1 overview of compensation management learning objectives after completion of the unit, you should be able to. You can shape behaviors to increase profits while gaining the transparency to maximize commissions roi and eliminate errors. Nature and purpose of compensation management the basic purpose of compensation management is to establish and maintain an equitable reward system. For undergraduate courses in compensation management and wage and salary administration. Compensation may be defined as money received in performance of work and many kinds of benefits that an organization provides to their employees. What is compensation management compensation management is designing and implementing total compensation package with a systematic approach to providing value to employees in exchange for work performance, compensation is a systematic approach to providing monetary value to employees in exchange for work performed. Compensation compensation is a tool used by management for a variety of purposes to further the existence of the company. Ppt seminar on compensation management powerpoint presentation free to download id. Whether or not compensation management would be good is the question to be asked. Now, with the help of this readily available and highly informative powerpoint template, you can also educate your audience about the same. Henderson, compensation management in a knowledgebased. The employers want to pay as little as possible to keep their costs low. Classification and compensation study incorporate changes that may have occurred within the. Compensation management is a general policy, implemented in conjunction with specialized software, designed to help an organization maximize the returns on available talent.
Compensation management payroll involves large sums of money pays systems are therefore an. Performancebased pay compensation management is a strategic activity that helps an organization improve the effectiveness of its employee reward processes. Download lecture accessible powerpoint presentation applicationzip 8. Download free ppt slides regarding legal matters from fppt. Compensation management is one of the most vital domains related to human resources.
Explain the definition, meaning and implications of compensation. Compensation management powerpoint template sketchbubble. Compensation and performance management r regulation mba jntukkakinada old question papers previous question papers download. Compensation and performance management,r regulation, mba, jntuk,old question papers, previous,question, papers, download, r16, r, r10, r07. The attached compensation management ebooknotes contain the following topics. Compensation management major components of compensation systems basic wage and salary plans. Compensation management meaning and important concepts. Compensation management powerpoint presentation slides. It can be said that compensation is the glue that binds the employee and the employer together and in the organized sector, this is further codified in the form of a contract or a mutually binding legal document that spells out exactly how much should be paid to the employee and the components of the compensation package. Some types of compensation include salary, bonuses, and.
The compensation management component enables you to differentiate between your remuneration strategies and those of your competitors while still allowing flexibility, control and cost. With the help of employee benefits ppt template, a director can prepare a report on the direct and indirect revenues of an individual worker. Compensation management notes for mba pdf download 4th. It is also vital to both employees and the employer. Create, optimize, and deliver incentive compensation plans at scale with the sap commissions solution. I hope anyone who has a work experience in this field would help me out. Reward your employees on the basis of their performance level by using our compensation management powerpoint presentation slides. Compensation is part of a larger framework called total rewards.
The compensation management tries to balance between these two with following specific needs. Compensation management is an integral part of human resource management which helps in motivating the employees and improving organizational effectiveness. The template has been drafted by experts and will help you cover the subject in a comprehensive manner. Book full of anwers of compensation management pdf download archive.
Compensation management is the act of providing monetary value to an employee for the work they do by means of a company process or policy. Ppt 37commnll january 12, 2007 agendaagenda why change. Economic theories and compensation management 77 5. Project on compensation management ppt download citehr. Sap commissions l incentive compensation management.
The au compensation philosophy new program design job classification compensation performance management. Project on compensation management ppt download archive book full of anwers of compensation management pdf download archive what compensation executive and above cadre will get when profit running factory is closed as per the management decision archive. Principle of reactive energy management all ac electrical networks consume two types of power. Compensation management ppt free ebook download as powerpoint presentation. There is a reflection of the the word law on the screen. Basics of compensation management ppt download citehr. Compensation management ppt occupational safety and. In this program, you will build knowledge in the fundamentals of compensation, including key legislation, designing and administering a compensation system, and communicating compensation plans to your organization. Chapter 9 compensation and benefits prepared by joseph mosca monmouth university wages versus salaries pay secrecy nonmandated benefits private pension plans are administered by the organization and provide income to the employees at their retirement. The overall color theme used in the template can be easily modified within the powerpoint. Free human resource ppt slides help focus on providing extrinsic, as well as intrinsic motivators to help groom the employees. The attached pdf file will help you in your preparation for compensation management and help you clearing your semestertrimester exams with ease. Welcome to the leadership presentation that will provide you an overview of the staff compensation structure and administration.
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