about the current trends in compensation & benefits in corporate or business world.

1. Current trends in compensation & benefits

2. • Compensation is a systematic
approach to providing monetary &
non monetary value to employees in
exchange for work performed.
• Compensation is money received in
performance of work and many kinds
of benefits that an organization
provides to their employees.

3. Compensation component
compensation
monetary
direct indirect
Non monetary

4. • Base Pay
• Bonus
• Long term incentives
• Perks or perquisites
• Insurance (health, eye).
• Leaves (sick, holiday/personal)
• Clothes
• Company parties
• Phones/laptop
• Retirement programs

5. Employee stock
ownership
plans(ESOP)
Customised
benefits
Flexible
benefits
Flexible spending
plans
Cafeteria
plan
Performance
related pay
Holiday
package

6. Employee stock ownership plans(ESOP)
It provide employees the ownership of stock in the company.
Beneficial as a tool to fetch loans from a financial institution.
Tax benefits
Flexible benefits allow
employees to pick benefits
according to their choice.
Flexible benefits

7. Flexible spending plans

8. Customised benefits
Senior level management
According to the employee choice need, preference &
comfort.
Niche compensation & benefit style
High investment for organization.

9. Examples of different organizations compensation and benefits
plan
• Health care and dental care
• Vacation days and holidays
• flexible work hours
• Maternity and parental leave
• Google Child Care Center
• Fuel Efficiency Vehicle
• Employee discounts
• Financial Benefits & Compensation
• Health & Family-Friendly Benefits
• Vacation & Personal Time-Off
• Employee Engagement
• Community Involvement
• Talent grooming

10. Thank
you!!!
Pooja Singh-(26)