COMPENSATION & BENEFITS

or
TOTAL REWARDS
 From the simplest barter system of centuries past to
the complex incentive formulas of today, the
organizations’ basic premise has remained
Attract
unchanged: provide value to the organization and
the organization will provide value to you – a simple
quid pro quo.

HR
Retain Engage
Strategy

Develop

Every employer’s desire is to curtail

expenses and improve bottom line, yet it
is equally important to be competitive in
the field of total rewards.
 What are Total Rewards?
Total rewards have been defined as
all the tools available to the
employer to attract, engage,
develop and retain staff. It includes
everything staff perceive to be of
value resulting from the
employment relationship.
1. Compensation
2. Benefits
3. Work-Life
4. Performance and
Recognition
5. Development and Career
Growth
Compensation & Benefits Survey
Cash Compensation:
 Guaranteed Cash
 Guaranteed Bonus
 Cash Allowances
 Variable Bonus
The survey helps the
Benefits: participating organizations
 Car Related to know and determine
 Loans
 Insurances how well they compensate
 Time Off in relation to the market.
 Others
 Retirement
Provident Fund
Gratuity

Total Remuneration:
 Total Cash Compensation
 Total Benefits
 What we will do?
Components:
 Ideally 8-10 participants
 List of surveyed jobs
 Market range parameters at percentile levels

Methodology:
 Review of job descriptions to determine similarity of
tasks
 Review of salary scales and organization chart
 Determination of internal market dynamics and
competitive salaries to ascertain actual market rates

Individual Report
 What you will get?
Survey Findings:
 Average Data: Total Cash Compensation, Total Benefits, Total
Remuneration
 Surveyed Jobs Positioning (individual & grade wise)

Percentiles:
 Point in range of values
 25th, 50th and 75th

Salary Ranges & Recommendations

Tailored Compensation & Benefits Strategy

Market Positioning

Complete Confidentiality
 Philosophy

Enhanced compensation simply pays the same people

more to do the same work. Whereas, it should be used as a
means of higher quality work, offered in conjunction with
complimenting HR strategies.