Kopieren und bearbeiten

Total Compensation System

Beschreibung

A mindmap on the total compensation system :)
jacqueliinek
Mindmap von jacqueliinek, aktualisiert more than 1 year ago
jacqueliinek
Erstellt von jacqueliinek vor mehr als 10 Jahre
21
0
0

Zusammenfassung der Ressource

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

                                                          Möchten Sie kostenlos Ihre eigenen Mindmaps mit GoConqr erstellen? Mehr erfahren.

                                                          ähnlicher Inhalt

                                                          Bibliothek durchsuchen