Non Financial Compensation System (Job and Job characteristics, Job Environment, Workplace Flexibility, Flextime, Compressed workweek, Job sharing, Flexible compensation, Telecommuting, Part-time work, Modified retirement

1. Non-financial
Compensation System
Dr. G C Mohanta, BE, MSc(Engg), MBA, PhD(Mgt)
Professor
Al-Qurmoshi Institute of Business Management
Hyderabad
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2. Non-financial Compensation System
Job & Job characteristics
Job Environment
Workplace Flexibility
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3. Non-financial Compensation System
Job
Interesting, challenging & responsible
Opportunity for recognition & advancement
Feeling of achievement
Job Characteristics
Skill Variety
Task Identity
Task Significance
Autonomy
Feedback

4. Job Environment
Policies,
Supervision,
Co-workers,
Status Symbols,
Working Conditions
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5. Workplace Flexibility
Flextime
Compressed workweek
Job sharing
Flexible compensation (cafeteria
compensation)
Telecommuting
Part-time work
Modified retirement
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6. Flextime
Flextime- allows employees to have the benefits
of adjusting the time as they come to work.
Businesses can offer flexible services to
customers, supervisors are forced to communicate
more effectively.
Practice of permitting employees to choose, with
certain limitations, their own working hours
Work the same number of hours per day as they
would on a standard schedule
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7. 7
Flexible Time Core Time
Flexible
Time
(Lunch)
Core Time Flexible Time
6 a.m. 9 a.m. 6 p.m.3 p.m.Noon
Bandwidth

8. Compressed Work Week
Employees have the opportunity to work 4 days a
week with longer work hours, usually 10 hours per
day.
In return they are able to take one day off a week
with out using vacation.
Arrangement of work hours that permits employees
to fulfill their work obligation in fewer days than the
typical five-day workweek
Provide greater job satisfaction
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9. Job Sharing
Two part-time people split the work schedule of 40
hours a week.
They split the duties of one job in some agreed-on
manner and are paid according to their
contributions
Partners must be compatible, have good
communication skills and trust must exist between
the job sharers and their manager
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10. Flexible Compensation Plans
Permit employees to choose from among many
alternatives in deciding how their financial
compensation will be allocated
Determine the compensation package that best
satisfies his or her particular needs
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11. Telecommuting
Work arrangement whereby employees, called
teleworkers or telecommuters, are able to remain
at home, or otherwise away from the office, and
perform their work using computers and other
electronic devices that connect them with their
offices
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12. Part-time Work
Some people do not either want or need full-time
employment
Adds many highly qualified individuals to the
labor market by permitting both employment and
personal needs to be addressed
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13. Modified Retirement
Permits older employees to work fewer than
regular hours for a certain period of time
preceding retirement
Allows an employee to avoid an abrupt change in
lifestyle and move gracefully into retirement
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