Hi everyone
I have recently joined a new organisation where I have been asked to frame a compensation policy for white collar employees. Starting from preparing a band structure for different grades to increment and bonus, I have to factor everything. I have researched the site for getting some suggestions but have not found anything that would help me prepare the same. If anyone has worked on this then I would request to help me in providing certain guidelines or a format.
Looking forward to help from all members
Regards
From India, Bhubaneswar
3I have recently joined a new organisation where I have been asked to frame a compensation policy for white collar employees. Starting from preparing a band structure for different grades to increment and bonus, I have to factor everything. I have researched the site for getting some suggestions but have not found anything that would help me prepare the same. If anyone has worked on this then I would request to help me in providing certain guidelines or a format.
Looking forward to help from all members
Regards
From India, Bhubaneswar
. Compensation Policy or Structure consist of Scale of Pay in various Grades of Pay for Positions/ Tasks alloted to various Positions and takes into account, the Min Wages applicable in that Partcular Geographical Location/Place, the Capacity to Pay, the prevalent Wages/Salary around and keeping in Mind the Acedamic Qualification + Skills Set plus Hands-On Work Exp of Recruits
It is Higly Speci-to-an-Org Plan and Cut & Paste never Helps, insteadcause irrepairable damange
Kritarth Team,
20.5.19
From India, Delhi
It is Higly Speci-to-an-Org Plan and Cut & Paste never Helps, insteadcause irrepairable damange
Kritarth Team,
20.5.19
From India, Delhi
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Compensation policy.doc
COMPENSATION POLICY(Bilingua l)_v 1.1.pdf