Rewards at Work

Presented by: HRA Group 10

Saptarshi Bhattacharjee HRA010
Komal Bihany HRA013
Indrani Majumdar HRA036
D. Srinivasa Sarma HRA054
Manikya Shetty HRA057
 Pay For Position
Contribution of this role in
meeting organizational
performance Education
7%
Experience
Sales Representative - Entry Impact
Level 8%
25%
Human Resources Assistant
Manager - Intermediate Senior Expertise
Level 12%

Compensable Factors:
Education : 7% External Stakeholder Engagement
Compliance
Experience : 8 % 8%
15%
Expertise : 12%
External Stakeholder Engagement : 8%
Span of work
Span of Work Control : 25% 25%
Compliance : 15%
Impact : 25%
 Pay for People
Skill Ladder Competencies Required as per JD
Frequency in Pay
Labour Market Competitors
 Compensation Payable
Sales Representative:
1. Basic Salary: Rs. 2,50,000 to Rs. 5,50,000 per annum
2. Payable Commission : Rs 5000 - 10000 per year
3. Bonus - 5% of the basic salary : 12,500 - 27,500 rupees per annum
4. Benefits -
A. Sales Bonus: 5% of total sales
B. Encashment of Leave - Basic Salary * (10 days for each year of
service less -
leave availed)
C. Transport Allowance - Rs 19500 per annum
D. Family Allowance - Rs. 20,000-25, 000
E. Medical Reimbursement - To the extent that the cost of medical
bills or Rs
10,000, whichever is lower, is covered.
F. Overtime Allowance - Hourly rate * Number of overtime hours
G. Contribution of the employer to the provident fund 12% of your
salary
H. Tours & Travel - Rs 20,000 to Rs 45,000
I. Health and Life Insurance - To the extent that the premium is paid
HR Assistant Manager:
1. Annual Basic Salary - Rs. 10,00,000 - 15,00,000
2. Benefits:
a. Basic Salary Encashment (Leave Encashment) * (30 days for each year of
service
less - leave availed)
b. HRA - Metro - Rs. 5,00,000.00 Rs 3,00,000 (non-metro)
c. Gratuity - Rs 10,00,000 (one-time payment at the end of the death or
retirement)
d. Employer's contribution to the Provident Fund : 12 percent of salary.
e. Health and Life Insurance - To the extent that the premium is paid.
f. Transport Allowance - Rs 19500 per year
g. Medical Reimbursement - To the extent that medical bills are paid.
10
h. Travel Allowance - Economic National Air Fare
i. Overtime Allowance - Hourly rate * number of overtime hours
j. Club Membership - To the extent that the Annual Membership fee has
been paid
k. Voluntary Retirement Compensation (if he has worked with the
company for 10 years) - Last drawn salary * Months of service remaining
3. Bonuses ranging from Rs 25000 to Rs 50000
Pay for Performance
Variable Pay can be classified into:
Short-Term Incentive Plans: Long term Incentive Plans:
Merit Pay Employee Stock Ownership Plans
Broad- Based Option Plans (BBOPs)
Spot Awards (Individual)
Performance Plans
Lump- Sum Bonuses/ Merit Bonuses
Incentives (Team)
Incentive Plans (Individual)

Comparison of Variable Pay between Sales Associate and HR Assistant Manager

 Benefits, Work life balance and Career options

Benefits

Paid
Health and Retirement vacation
Life Plans and sick
Insurance
leave

Corporate Leaves for

Wellness discounts Maternity
Programs and club and
membership Paternity
 Work Life Balance

Childcare Hybrid Flexible Supportive

Facilities working working work culture
model ( HR) hours
Career 1 Succession planning

Options 2 Training for employees

3 Personal growth development

Pay Mix
Thank You