Professional Documents
Culture Documents
ADMINISTRATIONHOSPITAL
HELLO
!
I am Dr. Anamika Gupta
Learning Objectives
All forms of
financial
return,
tangible
services and
benefits that
employees
receive as
part of their
employment
relationship
Role of HRM in
compensation
Lets start with the first set of slides
Employee
Employers
Employees
Clarifying opportunities
for development channels for
promotion
Greater job satisfaction,
feeling of security, help
attain his objectives
Patients
10
Factors that
Influence
Determinatio
n of
compensatio
n
11
Steps for
the process
of job
evaluation
Job analysis
12
Wage and
salary
administratio
n program
Job assignments
13
14
15
16
Job title
The no. of positions commonly carried on the pay-role in
each job classification
Depts. In which positions in this job classification are found
Work performed, Supervision
Level of efficiency
Hours, shifts, standard of performance
Job combinations
Working conditions, mechanical requirements
Special performance demands
17
Ranking Method
Classification method
Point systems
18
Job Ranking
Subject to bias
19
20
Comparison of all other jobs with the key jobs and the
assignment of them under each factor used and the
consideration of these ranks in establishing an overall
evaluation of each job as compared to others
21
22
23
Compensatio
n
components
Dearness allowance
Provident fund
Overtime
Basic pay
24
25
Variable Pay
26
Employee Benefits
27
The Act is concerned merely with the fixation of wage periods and
not with fixation of wages.
28
29
30
31
THANKS
!