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(not just salary)
2
Policy Questions Is your total compensation structure:
➢Competitive with the market? ➢Aligned with your strategic plan? ➢Aligned with your employees’ values?
Work Content
• Variety • Challenge • Autonomy • Meaningfulness • Feedback
Benefits
• Benefits • Non-cash recognition • Perquisites
Career
• Advancement • Personal growth • Training • Employment security
7
Financial Elements of Total Compensation
• Health and Rx insurance • Dental and Vision coverage • Life and Disability insurance • Retirement benefits • Other benefits
(including Social Security and retiree health)
• Other benefit costs
Total compensation calculations assess all the financial costs of providing compensation and benefits to the workforce.
3
Discussion Outline
Defining Total Compensation Employees’ Perceptions and Values Quantifying Total Compensation Case Study—State of Arizona
6000集营销管理视频免费给你培训xdgd.cn或xdgd
3) What are the strengths and weaknesses of your total compensation structure?
• Base salary • Incentives • Cash recognition • Premium pay • Pay process
Fra Baidu bibliotek
Indirect Financial
Direct Financial
• Base pay • Overtime • Pay differentials • Paid time off
8
Discussion Outline
Defining Total Compensation Employees’ Perceptions
• Employee Satisfaction • Loyalty and Commitment • Successful Recruitment
➢Which elements of total compensation are most important to your employees?
Compensation
Affiliation
Employee Value
Proposition
• Organization commitment • Organization support • Work environment • Organization citizenship • Title
《业务员教程训练》………………
➢ 更多免费营销管理视频在： xdgd.cn或xdgd
5
Defining Total Compensation
IMPORTANT QUESTIONS
1) What is the true cost of your total compensation?
2) What impact does each element have on satisfaction, retention, and recruitment?
Why is Total Compensation Important?
➢Lack of understanding of total compensation costs
(among employers and employees)
➢Need to communicate and educate employees on all the compensation that they receive
➢ 一个营销管理视频网站，里面的视频资料全都可以免费观看和下载的， ➢ 列举一部分： ➢ 《完善培训体系提高企业核心竞争力》 ➢ 《企业新晋员工职业化训练教程》 ➢ 《飞人乔丹教你如何利用团队精神成为NO.1》 ➢ 《调整员工心态改善工作态度》 ➢ 《名家论坛：战略管理》 ➢ 《企业选人方法与心理测量技术》 ➢ 《零缺陷——现代质量经营新思维》
6
Financial Elements of Total Compensation
Direct Financial
• Base pay • Overtime costs • Pay differentials • Paid time off
Indirect Financial
• Health and Rx benefits • Dental and vision benefits • Life and disability insurance • Retirement benefits
and Values Quantifying Total Compensation Case Study—State of Arizona
Employees’ Perceptions and Values
➢Does your total compensation structure support…?
2
Policy Questions Is your total compensation structure:
➢Competitive with the market? ➢Aligned with your strategic plan? ➢Aligned with your employees’ values?
Work Content
• Variety • Challenge • Autonomy • Meaningfulness • Feedback
Benefits
• Benefits • Non-cash recognition • Perquisites
Career
• Advancement • Personal growth • Training • Employment security
7
Financial Elements of Total Compensation
• Health and Rx insurance • Dental and Vision coverage • Life and Disability insurance • Retirement benefits • Other benefits
(including Social Security and retiree health)
• Other benefit costs
Total compensation calculations assess all the financial costs of providing compensation and benefits to the workforce.
3
Discussion Outline
Defining Total Compensation Employees’ Perceptions and Values Quantifying Total Compensation Case Study—State of Arizona
6000集营销管理视频免费给你培训xdgd.cn或xdgd
3) What are the strengths and weaknesses of your total compensation structure?
• Base salary • Incentives • Cash recognition • Premium pay • Pay process
Fra Baidu bibliotek
Indirect Financial
Direct Financial
• Base pay • Overtime • Pay differentials • Paid time off
8
Discussion Outline
Defining Total Compensation Employees’ Perceptions
• Employee Satisfaction • Loyalty and Commitment • Successful Recruitment
➢Which elements of total compensation are most important to your employees?
Compensation
Affiliation
Employee Value
Proposition
• Organization commitment • Organization support • Work environment • Organization citizenship • Title
《业务员教程训练》………………
➢ 更多免费营销管理视频在： xdgd.cn或xdgd
5
Defining Total Compensation
IMPORTANT QUESTIONS
1) What is the true cost of your total compensation?
2) What impact does each element have on satisfaction, retention, and recruitment?
Why is Total Compensation Important?
➢Lack of understanding of total compensation costs
(among employers and employees)
➢Need to communicate and educate employees on all the compensation that they receive
➢ 一个营销管理视频网站，里面的视频资料全都可以免费观看和下载的， ➢ 列举一部分： ➢ 《完善培训体系提高企业核心竞争力》 ➢ 《企业新晋员工职业化训练教程》 ➢ 《飞人乔丹教你如何利用团队精神成为NO.1》 ➢ 《调整员工心态改善工作态度》 ➢ 《名家论坛：战略管理》 ➢ 《企业选人方法与心理测量技术》 ➢ 《零缺陷——现代质量经营新思维》
6
Financial Elements of Total Compensation
Direct Financial
• Base pay • Overtime costs • Pay differentials • Paid time off
Indirect Financial
• Health and Rx benefits • Dental and vision benefits • Life and disability insurance • Retirement benefits
and Values Quantifying Total Compensation Case Study—State of Arizona
Employees’ Perceptions and Values
➢Does your total compensation structure support…?