EMPLOYEE

REMENURATION

PRESENTATION BY

G.Harsha Kiran(11052003)

G.Santhoshasai(11052022)

Definition

It refers to the reward or

compensation given to the employees

for their work performance .

Remuneration leads to motivation.

Salaries effect on the employees

productivity and work performance.

Components of Employee

remuneration

The remenuration packets of an

employee include wages

/salary, incentives , fringe benefits

, prequisities and finally non monetary

benefits.

Wages /Salary

Wage is the payment given to

employee .

Salary include allowances and also

annual increment.

Wage is the hourly rate of employee

by the employer pay while salary

refers to monthly rate pay .

Incentives

Incentives are addition to regular wage

payment incentives depend on

productivity sales , profit

considerationefforts etc.

The purpose behind this incentives is

to encourage motivate employees to

take more interest in work and in

according to the results get incentives

as incentives are payment by results.

Fringe benefits

These are monetary benefits provided

to employees these include :

1.provident fund

2.gratutiy

3.medical care

4.hospitalization payment

5.accident relief

Cont….d

6.health hand group insurance

7.subsidized canteen facility

8.recreation facility

9.provision of uniforms to employees

PrequitiesThese are special benefits offered to

manager

The purpose is to retain in competent

executives by offering some special

benefits it include

a. company car for travelling

b.club membership.

c.paid holidays

d.accomdation

e. Stock option scheme.

Nonmonetary benefits

They include:

a.comfortable working conditions

b. impartial promotions

c. support to workers facing special

problems

d. provision of welfare facilities to

employees

Wage payment system

They are two basic system of wage

payment these are

1. time rate system

2.piece rate system

Time rate system

Under this system remenuration is

directly linked with the time spent by

an employee on patticular job

Piece rate system

It is a method in which remenuration

paid on the basis of number of units or

pices produced by an employee .

Advantages to company

A well designed compensation plan

and benefits to company in following

ways:

Job satisfaction

Motivation

Low absenteeism

Low turnover.

Advantages to employees

Piece of mind

Increase of self confidence.

Role of hrm in remenuration

Hrm devolps policies on salaries and

other benefits to employees for

deriving commitement to the

organsiation.

Hrm tries to offer economic benefits.

Factors influencing

remenuration

External factors

Internal factors

External factors

Labour market

Cost of living

Labour union

Government legislations

The society

The economy

Internal factors

Buiness strategy.

Job evaluation and performance

appraisal

The employee.

Hr practices in TCS

A violate global economy and dynamic

market conditions have compelled hr

functions to reduce costs, maximize

operational efficiency and focus on

strategic initiatives.

it is delivered with minimal risk and

controlled costs.

Tcs advantages

they provide hr services in three

models

Integrated host technology and

sevices on a process as a service

model.

Customer preferred enviroment

followed by transactional services.

Cont…d

Transactional services on customer

owned technology enviroment.

it results in sigiinificant cost reductions

and enhances your hr process

T c s provides

Tcs offering focuses on process

across the whole spectrum of hr

services

1. recruitment and resourcing

2.work force administration

3.compensation and benefits.

4. performance and learning.

5.payroll and time.

Cont..d

Tcs hr services are backed by industry

experience , hr expertise and global

coverage

They provide comprehensive

traditional and enabled multi process

services that are specially designed to

allow you to consecrate on your core

business activities.

Cont..d

These process are the enabled by the

following range of tools , methodologies

and activities under well orchestrated

governance model:

1. service delivery model

2.It and infrastructure

3.Process and transformation tools

4.Analytics and third party vendor

management.

Business value Consolidation and transformation of multiple

disparate HR systems and processes on TCS’

Global HR Platform, resulting in up to 50% increase

in productivity, over 30% reduction in costs and

real-time HR insights and analytics

Up to 40% cost savings on in-scope processes

combined with 100% compliance to agreed service

standards

Significant measurable improvements in employee

satisfaction within 6-12 months

Hr practices in IBM

Is a new employee orientation class

designed to help the employees hit the

ground running as they begin their

career at IBM.

IT help understand the company's core

values, rich heritage of technology

leadership, Innovation, and the

important role employees are being

asked to play as the company continue

to drive growth and innovation.

Competencies These competencies set a common standard of

excellence across the organization and form the

basis of people development within IBM.

They will also help to focus the learning time on

developing the characteristics identified -- and

validated -- as being key to achieving success.

IBM compensation and benefits are among the very

best in the industry.

Type of payments

Base payment

Variable payment

Commission &incentive payment

Stock options

Awards and recongistion

Career at IBM

The employees of IBM who have

access to On Demand Workplace,

have access to a variety of websites

and tools to effectively manage career

and build expertise, which includes:

1.e-learning,2.global campus ,3.carrier

sites and tools,4.academic learning

assistance programme.

IBM Values

Dedication to every client's success.

Innovation that matters - for our

company and for the world.

Trust and personal responsibility in all

our relationships.

THANK YOU ONE & ALL