Compensation can be defined as the monetary and non-monetary consideration received by an employee, from his/her employer, for the work performed in the organization. benefits are the indirect and non-cash compensation paid to an employee for the services provided by him/her to the organisation.

1. Welcome to
Learning Development Forum
Rajat Kumar Ghosh
Senior Officer
BRAC Learning Center
Barishal

2. We all have a drive to
acquire money, things,
prestige, power..
Why do millions of
people go to work
each day?

3. Compensation &
Benefits

4. What Is the Meaning of
Salary &
wage
Benefits Compen
sation
Rewards Services

5. Rewards
• Bonus
• Salary Increases
• Promotions
• Equity Offerings
• Awards
• Recognition
• New job assignments
Salary
• Pay
• Overtime
Employee Satisfaction
Benefits
• Health Plans
• Retirement Plans
• Vacation/ time off
• PF & Gratuity
• Working Hours
Compensation & Fringe Benefits Package
Services
▸Transportation
▸Child Care
▸Accommodations
▸Medical
▸Clothing
▸Food

6. Purposes of Compensation
Effective
Compensa
tion
Ensure
Equity
Efficient
Administration
Reward
Valued
Behavior
Attract
Talent
Contribution
based
remuneration

7. Compensation Administration
Process (CAP)
Develop
Program
Outline
Form
Compensation
Program
Committee
Develop
Compensation
Philosophy
Conduct Job
Analysis
Conduct Job
Evaluation
Establish
Salary Range
Circulate
Information &
Monitoring
Determine
Prerequisites
for Incentive
Determine
Salary
Structure

8. Affecting Factors of Compensation
External
• Labor market
• Cost of Living
• Society
• The economy
• Geographic
Location
Internal
• Business Strategy
• Job Evaluation
• The employee
• Kind of business

9. ?Thank
You