Compensation And Benefits
Compensation And Benefits
The two types of compensation are direct and indirect. Direct consists of pay for work performed. Indirect consists of the perks and benefits associated with the position/employment. Imagine that you are a human resources (HR) manager, and it is your responsibility to identify data to help strategize, benchmark, and develop proper pay compensation for all positions within the organization. There are tons of software, vendors, and/or other services available to help with developing the pay grades, levels, and/or categories. Some sites you may consider using include the BLS website, where you can search via the Occupational Outlook Handbook. The O Net Online website where you can select career choice, scroll down to Wages & Employment Trends, click Local Salary Info, then select State. create an eight- to ten-slide PowerPoint presentation. first choose a job title and a location to present the www.salary.com findings/results. Imagine that you are presenting to your company leaders, and ensure that you identify the following components:
- core compensation (direct compensation),
- benefits (indirect compensation), and
- benchmark benefits with the industry average.
Note
use the speaker notes function to explain the content in detail for each of the slides. slides should only include six to seven lines of content with no more than six to seven words per line Any illustrations should relate to the content being discussed.
