Friday, February 22, 2013

Reward Management

TABLE OF CONTENT
Introduction ………………………………………………………………………… 3
1 Reward & earnings Management……………………………………. 5
1.1 Components of recompense System………………………………………... 5
2.1.1 Job Analysis……………………………………………………………… 6
2.1.2.1 importance of Job Analysis………………………………………. 6
2.1.2.2 Components of Job Analysis……………………………………... 6
2.1.2.3.1 Job jell…………………………………………………….. 7
2.1.2.3.2 Job Description…………………………………………………..7
2.1.2.3.3 Job Worth………………………………………………………. 7
2.1.2 Pay Structures……………………………………………………………. 8
2.1.3.3 intimate Equity…………………………………………………….. 8
2.1.3.4 External Equity…………………………………………………… 9
2.1.3 Salary Surveys……………………………………………………………. 10
2.1.4.5 Objectives of Salary Surveys……………………………………… 10
2.1.4.6 Types of Compensation Surveys………………………………….. 11
2.1.4.7.4 Standard Surveys…………………………………………………11
2.1.4.7.5 Custom Surveys…………………………………………………...11
2.1.4.7 Survey Reports…………………………………………………….. 12
2 Types of Compensation………………………………………………………. 13
3.1 consume Compensation………………………………………………………… 13
3.2.4 Basic Salary……………………………………………………………….. 13
3.2.

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5 House Rent compensation……………………………………………………. 13
3.2.6 Conveyance………………………………………………………………... 13
3.2.7 Leave Travel Allowance…………………………………………………... 14
3.2.8 Medical Reimbursement…………………………………………………… 14
3.2.9 grant………………………………………………………………………... 14
3.2.10 Special Allowance…………………………………………………………… 15
3.2 Indirect Compensation………………………………………………………….. 15
3.3.11 Leave policy……………………………………………………………………. 15
3.3.12 Overtime Policy………………………………………………………………… 15
3.3.13 Hospitalisation………………………………………………………………….. 15
3.3.14 Insurance……………………………………………………………………….. 16
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