1. Compensation Plan
Prepared by: Sadia Afrin

2. Reducing Turnover
Person
Focused
Pay
Pay for
Knowledge
& Skill
1. Competitive
compensation
strategy
2. Ensures
organizational
flexibility
3. Encourages
innovations and
adaption with
changes
Inspire Building
Competencies &
Motivate
Reducing
Turnover

3. Reducing Absenteeism
Discretionary
Benefit
Services
Employee
Assistance
Programs
1. Attracts quality employees
2. Meets the need of diverse
workforce
3. Have competitive
advantage
4. Motivates employees
Reducing
Absenteeism

4. Reducing Sick & Earned Leave
Discretionary
Benefit
Services Wellness
Programs
1. Attracts quality employees
2. Meets the need of diverse
workforce
3. Have competitive
advantage
4. Motivates employees
Reducing Sick
& Earned
Leave

5. Reducing Low Production Rate
Incentive
Pay
Company-
Wide
Incentive Plan
Profit
Sharing
Plan
1. Increases productivity
2.Creates a sense of
ownership
3.Satisfies employees
4.Builds strong manpower
Reducing Low
Production Rate

6. Recommendations
• Compensation Plan should Cover All Areas
• It should be able to Meet All Problems
• It should be a Combination of Strategies
• It should be Competitive & Advanced
• It should be Flexible & Creative

7. Thank you
Any Question?