HR Report on Employee Compensation, Benefits and Strategic Alignment

This report provides a comprehensive overview of employee compensation and benefits, covering various aspects such as base pay, allowances, and incentives. It delves into the components of total compensation, including pay scales, benefits like life insurance and health plans, and additional amenities. The report also examines the distinction between exempt and non-exempt employees, highlighting the importance of factors like government regulations, competitive pay structures, and talent retention strategies. It further explores strategic alignment, emphasizing the role of qualifications, training, and performance-based pay in enhancing productivity and employee satisfaction. The report concludes with recommendations for aligning compensation strategies with legal requirements and HR objectives, ensuring both internal and external equity to attract, retain, and motivate employees while mitigating risks and promoting legal compliance.

Employee Compensations and
benefits
~ Assignment 5

Job Description
• Job Responsibilities:
 Supporting the HR department by screening testing and interviewing applicants.
 preparations of pay roles
 providing orientation for the newly joined employees
 maintaining the HR reports of hiring, transfers, job change, termination etc.
• Qualifications and Skills:
 High School graduate or Diploma
 Experience in MS suite
 Spreadsheet experience
 written as well as verbal communication skill
 Positive in attitude
 calendaring skills
 Administrative writing

Elements of Total Compensation

Total Compensation
• Base Pay:
1. Fixed pay that will be received on a regular basis
• Allowances:
1. Monthly and Yearly
• Pay Incentives:
1. Gain sharing, Merit pays
• Indirect Benefits:
1. Vacations, stock options etc.

Over view of the package
• Pay Scales:
1. Total Pay- 42,00 $ per year
2. Benefits:
 Life Insuarence
 Health Benefit plans-
 Family medical leave
 Long term car insurance
 Annual Leave and Sick leave
 Planned leaves

Contd…
Amenities and Services:
• Child care
• Transportation Facilities
• Banking Services.
 Training and Development:
• Constant up gradation and training

Compensation Philosophy
•

Exempt or Non Exempt Employee
• Exempt Employees
• Since it is an administrative duty
• Paid by salary and not in hourly rate

Overtime handling
• No over time pay
• Incentives on the basis of fulfilling targets
• the philosophy here is performance and not
the time taken for that
• Safety issues to be looked after if required to
stay late.

Future Benefits
• Retirement plans
• Loyalty Bonuses
• Hike in incentive slabs
• Of site social Opportunities
• Paid maternity leaves
• flexi timings
• Chronic Conditions management

Motivation and Benefits
• the benefits will help them in employee engagement
• the idea that company is looking for us, it is our duty
to look after the company
• According to Herzberg’s hygiene factor theory it is
not always the salary that brings work satisfaction
• motivation comes from recognition and personal
care
• A competitive salary will boost up the employee
morale.

Factors Influencing the pay