3102768
Descrição
Mapa Mental por jacqueliinek, atualizado more than 1 year ago
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Criado por jacqueliinek
quase 9 anos atrás
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Total Compensation
System
- Definition
- Financial and Non-financial
- tangible services and benefits
- receive as part of an
employment relationship
- employees receive in exchange
for their contribution to the
organisation
- Financial and Non-financial
- Purposes
and
Objectives
- Acquired qualified personnel
- Retain current employees
- Ensure equity
- Reward desired behaviors
- Control costs
- Comply with legal requirements
- Facilitate understanding
- Acquired qualified personnel
- DIRECT FINANCIAL
- Base Pay
- Recurring
- Types
- Wage
- Salary
- Wage
- Structure
- Monthly Basic
Salary (80%)
- MFC
- MVC
- MFC
- Bonus (20%)
- AWS
- VB
- AWS
- Monthly Basic
Salary (80%)
- Recurring
- Performance-Based
Pay
- incentives,
commissions, and
bonuses
- Types
- INDIVIDUAL
- Reward employees whose
work is performed
independently for meeting
work-related performance
standards
- Reward employees whose
work is performed
independently for meeting
work-related performance
standards
- TEAM-BASED
- Compensates employees for the
goals they meet as a collective
group, rather than as individuals.
- Compensates employees for the
goals they meet as a collective
group, rather than as individuals.
- COMPANYWIDE
- Reward employees on the
basis of the success of the
organisation over a specified
time period
- Reward employees on the
basis of the success of the
organisation over a specified
time period
- INDIVIDUAL
- incentives,
commissions, and
bonuses
- Base Pay
- INDIRECT FINANCIAL
- Legally required
- Mandated by rule of law
of a particular country
- Mandated by rule of law
of a particular country
- Voluntary
- Not legally required
- Not legally required
- Flexible Benefits
- Legally required
- NON- FINANCIAL
- satisfaction that a person receives from
the job itself or from the psychological
and/or physical environment in which the
employee works.
- Job Content
- Job Environment
- Work Flexibility
- Job Content
- satisfaction that a person receives from
the job itself or from the psychological
and/or physical environment in which the
employee works.
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