India: A Compensation Professional’s Headache
Compensation professionals that have never dealt with India before are often very Image1confused with the compensation system —- even very experienced professionals. The reason for the complexity is the multiple compensation components driven by the India income tax code of complicated tax exemptions and deductions. Regardless of “why” —- India’s compensation system is probably the most unique of any country in the world.
Read more at compensationcafe.com
Compensation : Extrinsic and Intrinsic Rewards
Compensation is what employees receive in exchange for their contribution to the organisation . Intrinsic Rewards : It includes all activities that have an impact on the intellectual , emotional , and physical well being of an employee and is not specifically covered by the extrinsic compensation system .
Read more at vskills.in
Closing the Gender Pay Gap: Part 1 — Why It Matters for Finance Leaders, Compliance and Engagement
According to the World Economic Forum’s Gender Gap Report in 2017, although many countries around the globe are taking positive steps to address the gender pay gap, men are still being paid much more than women, and their earnings are accelerating at a faster pace.
Read more at blog.adp.in
Total compensation statements: Don’t overlook their morale-building value
Employers across the country indirectly increased employees’ compensation recently, and in many companies, it seemed like nobody noticed. Why? Because management was guilty of a big oversight. Companies didn’t explain to employees what they did — and what it was worth.
Read more at hrmorning.com
What Incentives Can Do, What Incentives Cannot Do
Incentive compensation. Powerful stuff when used well and – unfortunately – potentially even more powerful when misused and misdirected. Chip and Dan Heath said it well…
Read more at compensationforce.com