Professional Documents
Culture Documents
Presented By :
Sasank Sekhar Swain
Mantabya Mishra
Gaytree Bastia
Sarita Jayanti Kara
Puspanjali
What is payment ?
TYPES OF PAYMENT
Skill-Based
Pay
Merit-Based
Pay
Types of
Payment
Competency-
Based Pay
Competency-Based Pay
COMPENSATION STRATEGY:
DEPTH OF THE SKILL
ABILITY
KONWLEDGE
BASICS FORMS
•INCREASED
KNOWLEDGE OR
DEPTH SYSTEM
•MULTI –KNOWLEDGE OR
BREADTH BASED
SYSTEM
PAY-FOR KNOWLEDGE
STRUCTRE
• WORK RELATIONSHIP
• SKILL ANALYSIS
• SKILL BLOCKS
• SKILL CERTIFICATION
• OBJECTIVES OF THE PLAN
3ps of incentive
POSITION
PERFORMAN
CE