POSITIONING

We are P-90 organizationTo Pay better than 90% of the organizations in similar industry.Rationale: Optimus is a support organization, knowledge erosion will happen because of attrition.Considering the maturity of industry and business, Optimus should emphasize on retaining existing talent. For example if an employee supporting a prime client leaves, he takes knowledge and information associated with the client along with him.

We offer CAFETERIA Benefit/Allowances PlanEntitles employees to choose preferred benefits/allowances from the list Rationale: Supports changing workforce demographics. The plan provides provision to select the required benefits/allowances from the list. This would result in high retention rate, high benefit utilization rate and high employee satisfaction scores.

We value intellectual capitalRationale: In a support organization ,Intellectual capability and knowledge base strengthening has to be emphasized. Rewards have to associated with expertise, learning and delivery. Calculated Risk taking has to be encouraged and technical failures need not be punished, but accountability has to established

BENEFITS/ALLOWANCES

ADMINISTRATION PERFORMANCE

LINKED PAY

We value intellectual capital

We offer CAFETERIA Benefit/Allowances

Plan

We are a P-90 organization

Case Approach

Customizable Pay StructureEmployees have different preference for rewards. Our solution focuses on providing employees provision to customize certain components of their CTC (Basic, Allowances and Benefits) to their needs and lifestyle. In such a way the perceived value of benefits may be maximized

Core + Flexible Pay StructureWith certain components of ‘Allowances kitty’ and ‘Benefits kitty’, Fully or partially fixed, employees can customize their Package. The constraint would make implementation convenient. Despite giving flexibility to customize CTC, total number of combinations of pay structures will be defined, limited and controlled. (For example: If employer offers 5 options to choose from under each of the 3 allowances and 4 benefits). Total defined structures: 5x3x4= 60

Empirical ValidationExpectation survey to validate cost estimates, predict needs(for benefits)

of future work force statistically

Availability of balance

in allowances

kitty

Options to choose extent (%) from drop-down menu

Get Reimbursement

Taxable Allowances Tax-free Reimbursements

Eligibility for Allowance

LTAPhone Allowance

Conveyance AllowanceChildren Education Allowance

Special AllowanceMedical Allowance

Can not included in CTCNo

Yes

Yes

Flexi Allowances

Availability of balance

in flexi benefits

kitty

Options to choose extent (%) from drop-down menu

Get Reimbursement

Taxable Allowances Tax-free Reimbursements

Eligibility for benefit

Life InsuranceMedical InsuranceClub membershipEmployee gift cardsESOPS

Can not included in CTCNo

Yes

Yes

Flexi Benefits

Paid time offEducation assistanceLearning- development opportunities