This is because employees typically depend on wages and salaries, and must be equivalent to the work done. Compensation and performance management r regulation mba jntukkakinada old question papers previous question papers download. Now, with the help of this readily available and highly informative powerpoint template, you can also educate your audience about the same. 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. The other aim is the establishment and maintenance of an equitable compensation structure, i. Top content on compensation and performance management as selected by the human resources today community. The compensation management tries to balance between these two with following specific needs. Vue compensation management is fully integrated to the vue producer hub and is available as a saas or onpremise.
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. Ppt compensation management powerpoint presentation. The attached compensation management ebooknotes contain the following topics. Compensation training presentation auburn university. Compensation management powerpoint template sketchbubble. Project on compensation management ppt download citehr. With the help of employee benefits ppt template, a director can prepare a report on the direct and indirect revenues of an individual worker. The compensation management component enables you to differentiate between your remuneration strategies and those of your competitors while still allowing flexibility, control and cost. This compensation ppt is designed based on a concept of compensation. Compensation management is one of the most vital domains related to human resources. Compensation may be defined as money received in performance of work and many kinds of benefits that an organization provides to their employees. I hope anyone who has a work experience in this field would help me out.
The employers want to pay as little as possible to keep their costs low. Compensation management payroll involves large sums of money pays systems are therefore an. Create, optimize, and deliver incentive compensation plans at scale with the sap commissions solution. Economic theories and compensation management 77 5. Whether or not compensation management would be good is the question to be asked. 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. 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 seminar on compensation management powerpoint presentation free to download id.
Book full of anwers of compensation management pdf download archive. Understand the objective of compensation management. Compensation management ppt occupational safety and. Describe the methods of compensation, rewards, compensation structure and policy. The template has been drafted by experts and will help you cover the subject in a comprehensive manner. Compensation management ppt free ebook download as powerpoint presentation. Compensation management powerpoint presentation slides. Free law firm powerpoint template is helpful in starting your own law firm. Issues and challenges aggregate wage bill of 100 large companies having a turnover of more than rs. Some types of compensation include salary, bonuses, and. Job interview and blue manager are among the template designs included under this tag. I have the lecture notes for the subject compensation management that i am sharing with all of you in this thread. Ppt 37commnll january 12, 2007 agendaagenda why change.
Compensation management meaning and important concepts. You can shape behaviors to increase profits while gaining the transparency to maximize commissions roi and eliminate errors. As the leading text in its field compensation management offers a practical exploration of the systems, methods, and procedures involved in establishing and administering a compensation system within any organization. The au compensation philosophy new program design job classification compensation performance management. The basic need of compensation management is to meet the needs of both employees and the employer. The slide design is quite formal with a bright red and white theme. Compensation is part of a larger framework called total rewards.
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Compensation management and employees performance in. The attached pdf file will help you in your preparation for compensation management and help you clearing your semestertrimester exams with ease. The overall color theme used in the template can be easily modified within the powerpoint. The ultimate goal is to reward the right people to the greatest extent for the most relevant reasons. Principle of reactive energy management all ac electrical networks consume two types of power.
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Basics of compensation management ppt download citehr. Compensation management is a general policy, implemented in conjunction with specialized software, designed to help an organization maximize the returns on available talent. 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. Henderson, compensation management in a knowledgebased. Kickstart your journey into the world of compensation with this practical, yet engaging learning experience. 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. 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. Powerpoints download only for strategic compensation. Compensation compensation is a tool used by management for a variety of purposes to further the existence of the company. Classification and compensation study incorporate changes that may have occurred within the. For undergraduate courses in compensation management and wage and salary administration.