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  • Compensation and Benefits: Manali D. Wyawhare Roll No - 60

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    Cooks Industries, an automobile parts manufacturer in Pune, has high attrition rates of 15% or more as compensation is low. An analysis found Cooks' managerial pay ranked 29th lowest for entry-level and 23rd for highest-level positions compared to competitors. To improve retention, recommendations include flattening the hierarchy, changing the grade structure to increase pay competitiveness, reducing designations, improving communication, and shifting more of the tax burden to employees.

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    C & B

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    Cooks Industries, an automobile parts manufacturer in Pune, has high attrition rates of 15% or more as compensation is low. An analysis found Cooks' managerial pay ranked 29th lowest for entry-level and 23rd for highest-level positions compared to competitors. To improve retention, recommendations include flattening the hierarchy, changing the grade structure to increase pay competitiveness, reducing designations, improving communication, and shifting more of the tax burden to employees.

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    Download as PPTX, PDF, TXT or read online from Scribd
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    5 views5 pages

    Compensation and Benefits: Manali D. Wyawhare Roll No - 60

    Uploaded by

    manaliw88
    Cooks Industries, an automobile parts manufacturer in Pune, has high attrition rates of 15% or more as compensation is low. An analysis found Cooks' managerial pay ranked 29th lowest for entry-level and 23rd for highest-level positions compared to competitors. To improve retention, recommendations include flattening the hierarchy, changing the grade structure to increase pay competitiveness, reducing designations, improving communication, and shifting more of the tax burden to employees.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 5

    Compensatio

    n
    and Benefits
    Manali D. W
    yawhare
    Roll No - 60
    Facts
    0Cooks industries – a Pune based
    automobile ancillary firm.
    0Present employee strength – 450 workmen
    and 100 managers.
    0Attrition rate – 15 % plus.
    0Major people leaving the organization.
    Analysis
    0Low managerial compensation.
    0Grade structure.
    0Salary benchmarking.
    0Cooks at no 29th at lowest level and 23rd at highest level
    05 factors:-
    0Designations
    0Hierarchies
    0Salaries
    0Taxation policies
    0Leader-follower
    Recommendations
    0 Flat hierarchy.
    0 Change in grade structure.
    0 Good compensation.
    0 Open communication.
    0 Tax burden to be borne by the employee.
    0 Designations should be reduced.
    Thank You

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