Compensation Management Practices and Policies Presentation
1. Presentation On
CompensationManagement Practices and Policies of
Mutual TrustBank
Presented By
FAKRUL HASSAN ABU BOKER
A.M. AHSANUR RAHMAN
TONMOY
ISTIAK AHMAD BIMOL CHANDRA SARKER
ID # 2018010005080 ID # 2018010005042 ID # 2018010005039 ID # 2018010005079 ID # 2018010005047
By - Fakrul Hassan
2. Compensation Management Practices & Policies
This presentation is prepared on the basis of our few
days analysis on Mutual trust bank. Mutual trust bank is
one of the leading local banks in our country. The bank
has many divisions and departments but the focus is
given more on the HRD. Moreover, from the all bank
MTB is renowned to good HR practices.
By - Fakrul Hassan
3. Objectives of the Study
To identify the Compensation
Management Practices and policies of
Mutual Trust Bank Limited.
By - Fakrul Hassan
4. Compensation
Compensation is the total cash and non-cash payments that you
give to an employee in exchange for the work they do for your
business. It is typically one of the biggest expenses for
businesses with employees. Compensation is more than an
employee’s regular paid wages. It also includes many other types
of wages and benefits.
By - Fakrul Hassan
5. Types Of Compensation
Base pay (hourly or salary wages)
Sales commission (based on volume or some form of performance)
Overtime wages (additional pay rate paid for working more than a specific
number of hours)
Tip income (extra income beside of his wages)
Bonus pay (when a company meets certain financial standards or goals
over an extended period of time)
Recognition or merit pay (rewards higher performing employees with
additional pay)
Benefits (insurances, standard vacation policy, retirement)
Stock options (share ownership with the employees)
Other non-cash benefits (employee health, death, or other welfare
benefits.)
By - Fakrul Hassan
6. Compensation Management
Compensation management is the practice of the
organization that involves giving monetary as well as
non-monetary rewards to the employees, in order to
compensate for the time they allocate to their job.
By - Fakrul Hassan
8. Compensation Management Practices of Mutual
Trust Bank
Compensation is the most important part in any organization as it is one of
the key factors of motivation for all employees now-a-days.
We can see two types of compensation system. One is financial and
another one is non-financial.
MTB goal of compensation is to focus on the certain activity or works
done by the employees upon which the compensation is maintain or
scaled such as it has maintained a combination of cash, benefits,
retirement, perquisites as a total compensation package.
By - Fakrul Hassan
9. There are several compensation policies
taken by MTB.
Salary
Bonus
Provident Fund & Gratuity
Annual Increment
Travel Allowance
House Rent Allowance
Employee Loan
Medical Facilities
Welfare Funds
Earn Leave
Disability Leave
Maternity Leave
Study leaveBy - Fakrul Hassan
10. Compensation Management Policy Of
Mutual Trust Bank
Compensation is important such a way that without a fair
policy in this sector, it is not possible to make the employee
participate in their work effectively. Mutual trust bank
undertake different lucrative policies regarding the
compensation of their employees so that they can manipulate
employees to have a productive outcome.
By - Fakrul Hassan
11. Conclusion
MTB ensures a fair compensation policy for which the
satisfaction level of employee is so high. Due to this
high job satisfaction of the employee regarding the
compensation, the overall employee turnover is quite
negligible in MTB
By - Fakrul Hassan