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PLEASE HELP IN DESIGNING THE COMPENSATION

Discuss PLEASE HELP IN DESIGNING THE COMPENSATION within the Human Resources Management forums, part of the Resolve Your Query - Get Help and discuss Projects category; Hi guys, I am currently designing the compensation for one of the company, but getting stuck in between.. If any1 ...

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PLEASE HELP IN DESIGNING THE COMPENSATION
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Prachi Tandon
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prachi tandon
Student of PGDM at INSTITUTE OF TECHNOLOGY AND MANAGEMENT
Mumbai, Maharashtra
 
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Join Date: Nov 2009
Location: Mumbai, Maharashtra
PLEASE HELP IN DESIGNING THE COMPENSATION - October 11th, 2010

Hi guys,


I am currently designing the compensation for one of the company, but getting stuck in between.. If any1 is having any idea on the same please do help me
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Re: PLEASE HELP IN DESIGNING THE COMPENSATION
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Supriya Dhende
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priyaz
Student of MBA at TASMAC
Pune, Maharashtra
 
Institute: TASMAC
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Join Date: Oct 2010
Location: Pune, Maharashtra
Re: PLEASE HELP IN DESIGNING THE COMPENSATION - October 19th, 2010

In case you are designing a compensation policy....firstly you need to decide where you need to give the compensation as it is the fundamental component of employment and one of the critical HR management policy...some of them include:
Minimum Wage
Rate of holiday
Overtime Pay
Equal Pay
Vacation Pay
Deductions
Gratuities
Payroll Records
Salary Range
Decision-Making for salary increases
Time frames for salary review
Bonus and incentive pay

it wud b better if u tell me which terms u have mentioned in your policy making so in dat case i will try to tell u more related to it....Hope this wud help u...
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