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3. Basic Employee Compensation Layout
COMPENSATION
Direct Indirect
Base Pay Merit Pay
Benefits
Services
Incentives
Pay
3
4. Employee Compensation Components
Job and
Career-related
Benefits
EMPLOYEE
COMPENSATION
EMPLOYEE
COMPENSATION
Non-Financial
Non-
Financial
FinancialFinancial
Pay, Salary,
Wages
Incentives
Social
Security
4
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5. Employee Compensation Breakup
• Base Pay
• Wages
• Salaries
• Bonuses
• Incentives
• Variables Pay
Compensation
• Health / Medical Insurance
• Life/ disability Insurance
• Paid time off
• Retirement
• Educational assistance
• Work-life Support
Benefits
• Human resource
development
• Career & succession
Planning
• Performance
appraisals
• Goal Setting
• Training
Performance &
Talent Management
EMPLOYEE
COMPENSATION
BREAKUP
5
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6. Employee Compensation System
Direct
Compensation
Indirect
Compensation
COMPENSATION
SYSTEM
• Medical Insurance
• Life Insurance
• Disability Income
• Pension
• Social Security
Protection
Program
• Vacations
• Holidays
• Sick Leave
• Jury Duty
Pay for Time
Not Worked
• Recreational Facilities
• Car
• Financial Planning
• Low-cost or Free Meals
Services and
Perquisites
• Salary
• Wage
Base Pay
Merit Pay
• Bonus
• Commission
• Piece Rate
• Profit Sharing
• Stock Option
• Shift Differential
Incentive Pay
• Savings Plan
• Stock Purchase
• Annuity
Deferred Pay
6
7. Employee Compensation Plan Types7
With this type of structure,
you’d pay your sales people a
straight competitive salary like
all of your other employees &
nothing else.
Straight Salary
Territory volume sales
compensation plans
are most often used in team –
based corporate cultures. They
work through the calculation of
territory volume at the end a
compensation period.
Territory Volume
Salary Plus
Commission
Most commonly plan used.
They’re structure in a way that
sales people receive a lower base
salary along with commission pay
that makes up the majority of the
total compensation.
Commission Only
Commission only sales
compensation plans are exactly
what they sound like – you pay
your sales people for the sales
they bring in & nothing else, there
is no guarantee of income.
EMPLOYEE
COMPENSATION
PLAN
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9. CompensationPlan
Framework
Internal Assessment
Job Analysis
Your Text Here
Job Evaluation
Your Text Here
Pay Policy
Your Text Here
External Assessment
Base Pay Structure
Your Text Here
Market Analysis
Your Text Here
Management
Communicate the Plan
Your Text Here
Pay for Performance
Your Text Here
9
10. Employee Compensation Structure10
Name:
Designation:
Salary Break-up
Cost To Company 9,98,000.00
Component Per Annum Per Month Taxable/ Non Taxable
Basic 4, 40,000.00 36,500.00 Tax
HRA 2,35,000.00 12,770.00 Tax
Medical 14,000.00 1,350.00 Non Tax
Special Allow 1,30,000.00 12,000.00 Tax
Telephone Reim. 33,000.00 5,000.00
Conveyance Reim 74,000.00 6,280.00 Non Tax
Ex-Gratia 20,000.00 - Paid Annually / Tax
PF Employer 52,000.00 -
Total 9,98,000.00 3,96,900.00
ESI Deduction
PF Employee 52,000.00 4, 700.00
Labor Welfare Fund 60.00 5.00
Net In-Hand Salary 3,92,200.00
Location:
Date of Joining:
11. Employee Compensation Sheet11
Earnings Deductions
Basic & DA 6,200.00 Provident Fund 458.00
HRA 3,100.00 E.S.I 220.00
Conveyance 400.00 Loan -
Add Text Here Add Text Here -
Add Text Here Add Text Here -
Total Addition 9,700.00 Total Deduction 678.00
NET Salary 9,022.00
Employee Name: Designation: Month & Year:
12. Employee Compensation Report Sample12
August 21,2018
Wages and Other Paid Benefits You Pay COMPANY PAYS
Overtime
Wages
Total Wages
$15,964.76
$18,980.65
$34,945.41
HEALTH & WELFARE
Dental
Medical
Vision
$214.80
$1,678.70
$80.70
$4,698.80
Total Benefit Contributions $1,974.2 $4,698.80
TOTAL COMPENSATION $39,644.21
Taxes & Entitlements
Federal Medicare
Federal Social Security
Federal Unemployment
State Unemployment
State Workers Comp Ins
$466.31
$2,020.70
$52.00
$330.17
$1,777.12
Total Taxes $4.646.3
ADD NAME HERE
Employee Number
102658
Manager
Alison Flanigan
Department
Research and
Design
Job Title
Senior Researcher
Hire/Rehire Date
11/19/2012
Length of Service
0 years ,9 mos
Benefits Contributions
% OF BENEFITS TO COMPENSATON
12%
10 December 2018
TOTAL COMENSATION REPORT
Compensation Breakdown
Taxes
Benefits
Wages
Company
You
15. Employee Benefits Components Table15
Employer Government
Minimum Wage SSS benefits
Holiday Pay Pag-IBIG Benefits
Overtime Pay Philhealth Benefits
Night Shift Pay ECC Benefits
Service Charges Add Text Here
Service Incentive Leave Add Text Here
Maternity/ Paternity /Solo Parental Leave Add Text Here
VAWC Leave Add Text Here
Special Leave for Women Add Text Here
Add Text Here Add Text Here
Add Text Here Add Text Here
Add Text Here Add Text Here
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16. Employee Benefits Concepts
Employees
Allowance
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Meal
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Pay
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Parks &
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Social
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Achievements
Award
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17. Employee Benefits Segments
Meal
Breaks
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Employees
Allowance
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Pay
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Social
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Paid
Vacation
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Perks &
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Health
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Achievement
Award
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EMPLOYEE
BENEFITS
17
19. 19
Employee Benefits
Template 2/2
Union
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Pay Raise
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Employee Allowance
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Health Insurance
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Social securities
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20. Employee Benefits Survey Template20
Statement Strongly Agree Agree Neutral Disagree Strongly Disagree
Health Benefits
I am Satisfied With My Health Plan Options.
I am Satisfied With My Dental Plan Options.
I am Satisfied With My Vision Plan Options.
I am Satisfied With My Long-Term Disability
Insurance.
I am Satisfied With My Short-Term
Disability Insurance.
Add Text Here
Financial Benefits
I am Satisfied With My Retirement Plan
Options.
I am satisfied with my salary.
Add Text Here
Overall, I am Satisfied with my Financial
Benefits.
Paid Time Off
I am Satisfied with the Number of Vacation, Sick,
and Personal days that I Receive.
Additional Benefits
I am satisfied With my Continuing
Education and Training Opportunities.
I am Satisfied with my Tuition
Reimbursement options.
Overall, I am Satisfied with my Additional
Benefits.
21. 21
Our Target
Target 2
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Target 3
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Target 1
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Target 4
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22. Financial
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Maximum
85% 75%
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Medium
60%
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Minimum
22
23. 23
Our Mission
Vision
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Mission
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Goal
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24. 24
About Us
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Professional
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Creative Talented
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25. Venn
Venn
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26. Our Team Template 126
Designation
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Name Here Name Here
Designation
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Designation
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27. Our Team Template 227
01.
Your Name
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Designation
02.
Your Name
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Designation
03.
Your Name
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Designation
04.
Your Name
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Designation
29. 29
Quotes
Great thinks in business are
never done by one
persons. They’re done by a
team of people.
Steve jobs
30. Post It
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31. 31
Bulb or Idea
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