Current trends in compensation & benefits

• Compensation is a systematic approach to providing monetary & non monetary value to employees in exchange for work performed.• Compensation is money received in

performance of work and many kinds of benefits that an organization provides to their employees.

Compensation component

compensation

monetary

direct indirect

Non monetary

• Base Pay• Bonus• Long term incentives• Perks or perquisites

Direct compensation Indirect compensation

• Insurance (health, eye).• Leaves (sick, holiday/personal)• Clothes• Company parties• Phones/laptop• Retirement programs

Current trends in compensation & benefits

Employee stock ownership

plans(ESOP)

Customised benefits

Flexible benefits

Flexible spending plans

Cafeteria plan

Performance related pay

Holiday package

Employee stock ownership plans(ESOP)

It provide employees the ownership of stock in the company.Beneficial as a tool to fetch loans from a financial institution.Tax benefits

Flexible benefits allow employees to pick benefits according to their choice.

Flexible benefits

Flexible spending plans

Customised benefits

Senior level managementAccording to the employee choice need, preference &

comfort.Niche compensation & benefit styleHigh investment for organization.

Examples of different organizations compensation and benefits plan

• Health care and dental care• Vacation days and holidays• flexible work hours• Maternity and parental leave• Google Child Care Center• Fuel Efficiency Vehicle• Employee discounts

• Financial Benefits & Compensation• Health & Family-Friendly Benefits• Vacation & Personal Time-Off• Employee Engagement • Community Involvement• Talent grooming

Thank you!!!

Pooja Singh-(26)