1. Welcome to Learning Development Forum Welcome to Learning Development Forum Rajat Kumar Ghosh Learning Facilitator BRAC Learning Center Barishal Rajat Kumar Ghosh Learning Facilitator BRAC Learning Center Barishal

2. We all have a drive to acquire money, things, prestige, power.. Why do millions of people go to work each day?

3. Compensation & Benefits

4. What Is the Meaning of Salary & wage Benefits Compen sation RewardsServices

5. Rewards Bonus Salary Increases Promotions Equity Offerings Awards Recognition New job assignments Salary Pay Overtime Employee Satisfaction Benefits Health Plans Retirement Plans Vacation/ time off PF & Gratuity Working Hours Compensation & Fringe Benefits Package Services ▸ Transportation ▸ Child Care ▸ Accommodations ▸ Medical ▸ Clothing ▸ Food

6. Purposes of Compensation & Benefits Effective Compensa tion Ensure Equity Efficient Administration Avoid Legal Regulations Attract Talent Cost control Retain Personnel

7. Compensation Administration Process (CAP) Developing Program Outline Form Compensation Program Committee Develop Compensation Philosophy Conduct Job Analysis Conduct Job Evaluation Establish Salary Range Circulate Information & Monitoring Determine Prerequisites for Incentive Determine Salary Structure

8. Affecting Factors of Compensation External Labor market Cost of Living Society The economy Geographic Location Internal Business Strategy Job Evaluation The employee Kind of business

9. Quiz Test Monetary compensation includes all but one of the following Salary Bonus Child care Answer: Tax treatment of benefits makes them less appealing than salary Answer: True False

10. Which of the following is an example of pay for time not worked? Incentive Promotions Flexible work arrangement Answer: Job specification & job description is closely related with Job analysis Job Evaluation Answer:

11. ? Thank You