BENEFITS AND OTHER

COMPENSATIONS FOR
EMPLOYEES
BENEFITS AND OTHER
COMPENSATIONS FOR
EMPLOYEES

Most organizations recognize that they

have a responsibility to their employees to
provide direct financial, indirect financial
and non financial compensations.
 TYPE OF COMPENSATION
INDIRECT NON-
FINANCIAL FINANCIAL FINANCIAL
COMPENSATION COMPENSATION COMPENSATION

MANDATED JOB: JOB

(LEGALLY DISCRETIONARY ENVIRONMENT & WAGES, SALARIES,
COMMISSIONS AND
REQUIRED) BENEFITS WORKPLACE BONUSES
BENEFITS FLEXIBILITY
 PAYSLIP
a innote
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the following anfields
employee
DIRECT with
when appropriate explanations.
they have been paid,
FINANCIAL detailing the amount of pay
COMPENSATION given, and the tax and
insurance deducted
Consists of pay that a person
receives in the form of BONUS
wages, salaries, commissions
and bonuses
a sum of money added
to a person's wages as
a reward for good
performance
 Legally required benefits
social
Fill in security
the following text fields
INDIRECT with appropriate compensation
unemployment explanations.
FINANCIAL worker’s compensation
COMPENSATION family and medical leave

Consists of financial
rewards that are not
Voluntary benefits
included in direct payment for time not worked
health care
compensation
insurance
 MANDATED BENEFITS
(LEGALLY REQUIRED)

unemployment family &

compensation medical leave

social worker’s
security compensation
Consists of the
satisfaction that a
person receives from
the job itself or from
the psychological and
/ or physical
environment in which
the person works.
NON FINANCIAL
COMPENSATION This aspect of
nonfinancial
compensation involves
both psychological
and physical factors
within the firm's
working environment.
 Job
NON- 01 skill variety, task identity, task
FINANCIAL significance, autonomy, feedback.
COMPENSATION
Job Environment
02 sound policies, competent
employees, appropiate status,
working conditions

Workplace Flexibility
03 flextime, compressed workweek,
job sharing
THANK YOU
For Your Attention