Establishing Rewards Pay Plans and Employee Benefits By

Establishing Rewards, Pay Plans, and Employee Benefits By Daniel Damaris Novarianto S. LOGO

Rewards Add your company slogan What is the rewards? LOGO

Rewards (cont. ) Add your company slogan LOGO

Job Evaluation Methods Add your company slogan 1 2 3 Ordering Method or Job Ranking Classificati on Method or Grade Level Point Method LOGO

The Example of Job Ranking Add your company slogan LOGO

Add your company slogan The Example of Classification Method LOGO

The Example of Point Method Add your company slogan LOGO

Add your company slogan The Example of Point Method (cont. ) LOGO

Establishing the Pay Structure Compensation Surveys Wages Curves Add your company slogan Or Wage Structure LOGO

Add your company slogan The Example of Waged Curves from Internal Based LOGO

Add your company slogan The Example of Waged Curves from External Based LOGO

Add your company slogan The Example of Plotting both External and Internal Wage Curves LOGO

Add your company slogan Establishing the Rate Ranges of Wage Curves LOGO

The Example of Wage Structure Add your company slogan LOGO

Add your company slogan Determining the Wage Structure from External Factor § Geographic Factors § Collective Bargaining § Labor Supply § Communicating with Employee § Competition of Wages § Cost of Living LOGO

Incentive Compensation Plans Add your company slogan § Individual Incentives § Group Incentives § Organization-Wide Incentives § Scanlon Plan § IMPROSHARE LOGO

Paying for Performance Add your company slogan 2 Basis Competency Based Compensation Broad Branding LOGO

Executive Compensation Program Add your company slogan § Salaries of Top Management § Supplemental Financial Compensation § Supplemental Non-Financial Compensation: § Perquisities/Perks: the payment of life insurance premiums, club memberships, company automobiles, liberal expense accounts, supplemental disability insurance, supplemental retirement accounts, postretirement consulting contracts, and personal financial, tax, and legal counseling § Golden Parachute LOGO

Add your company slogan The International Compensation Issue 1 Base Pay 2 Differentials 3 Incentives 4 Assistance Program LOGO

Relationship Between Stress and Job. Add your company slogan Performance LOGO

The Stress Model Add your company slogan LOGO

Employee Benefits Add your company slogan LOGO

Health Insurance Add your company slogan § Traditional Health Insurance: § Hospitalization: pays for hospital stays with limits, usually 120 days § Medical/Surgical: pays for services of doctors, procedures, nursing care, drugs, and hospital services such as anesthesia, tests, lab work, etc. § Major Medical: pays for major illnesses and their associated expenses such as oxygen, home care, and extended hospital stays over 120 days LOGO

Health Insurance (cont. ) Add your company slogan § Health Maintenance Organizations (HMOs) § Provides comprehensive health services for a flat fee § Preferred Provider Organizations (PPOs) § Organization that requires using specific physicians and health-care facilities to contain the rising costs of health care LOGO

Health Insurance (cont. ) Add your company slogan § Point-of-Service (POS) Health care plan that includes primary care physicians but allows greater flexibility for using services out of the network § Consumer Driven Health Plans (CDHP) Combines a health plan with a high deductible with a health savings account that the insured uses to pay for deductibles and medical care LOGO

Health Insurance (cont. ) Add your company slogan § Consolidated Omnibus Budget Reconciliation Act (COBRA) Provides for continued employee benefits up to three years after an employee leaves a job LOGO

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