COMPENSATION MANAGEMENT
REMUNERATION * PERKS SALARY * INCENTIVES WAGES * PACKAGE
WHY IS THIS FACTOR SO IMPORTANT?
ECONOMICAL REASONS SOCIAL REASONS ORGANISATIONAL REASONS ORGANISATIONAL STRATEGY. TO MAINTAIN INTERNAL EQUITY EXTERNAL EQUITY INDIVIDUAL EQUITY
THINK!
?
WE CAN PAY HIGH RATES OF COMPN ONLY IF THERE IS AN AVAILABILITY OF ASSURED MARKETS SUPPLY STABILITY POTENTIAL GROWTH ( AGE, PRODUCTIVITY & TECHNOLOGY) QUESTIONS: WHAT IF THE ABOVE CONDITIONS ARE NOT AVAILABLE? IF THERE IS NO BUISNESS?
? ? ? ?
?
?
FACTORS WHICH DETERMINE THE COMPN PACKAGES
? ? ? ? ? ? ? ? ?
KSAs BUISNESS UNIONISATION PHILOSOPHY OF THE MANAGEMENT INDUSTRY CUM REGION BASE DEMAND AND SUPPLY PROFITS SENIORITY & MERIT TAXATION & ECONOMIC CONDITIONS.
COMPENSATION DIMENSIONS
• • • • • • • • PERFORMANCE PAY PAY FOR TIME NOT WORKED DISABILITY INCOME LIABILITY INCOME DEFERRED INCOME LOSS OF JOB INCOME RETIREMENT / CONTINUED INCOME ONE TIME INCOME
doc_623445737.ppt
REMUNERATION * PERKS SALARY * INCENTIVES WAGES * PACKAGE
WHY IS THIS FACTOR SO IMPORTANT?
ECONOMICAL REASONS SOCIAL REASONS ORGANISATIONAL REASONS ORGANISATIONAL STRATEGY. TO MAINTAIN INTERNAL EQUITY EXTERNAL EQUITY INDIVIDUAL EQUITY
THINK!
?
WE CAN PAY HIGH RATES OF COMPN ONLY IF THERE IS AN AVAILABILITY OF ASSURED MARKETS SUPPLY STABILITY POTENTIAL GROWTH ( AGE, PRODUCTIVITY & TECHNOLOGY) QUESTIONS: WHAT IF THE ABOVE CONDITIONS ARE NOT AVAILABLE? IF THERE IS NO BUISNESS?
? ? ? ?
?
?
FACTORS WHICH DETERMINE THE COMPN PACKAGES
? ? ? ? ? ? ? ? ?
KSAs BUISNESS UNIONISATION PHILOSOPHY OF THE MANAGEMENT INDUSTRY CUM REGION BASE DEMAND AND SUPPLY PROFITS SENIORITY & MERIT TAXATION & ECONOMIC CONDITIONS.
COMPENSATION DIMENSIONS
• • • • • • • • PERFORMANCE PAY PAY FOR TIME NOT WORKED DISABILITY INCOME LIABILITY INCOME DEFERRED INCOME LOSS OF JOB INCOME RETIREMENT / CONTINUED INCOME ONE TIME INCOME
doc_623445737.ppt