By:Adil.M.A.Khan M.S.

(Banking)

Compensation
Management in Banks
Concept of Compensation
Administration
 Base wages and salaries

 Basis to judge pay system

 Incentives and benefits

 System of compensating employees

Purpose of Compensation
Administration
 Attracting Talented Resource

 Retaining & Motivating Employees

 Financial Management

 Legal Requirements
Concept of different
wages
 Minimum wages


 Fair wage


 Living wage
Basic wage Plans

 Time Wage Plan

 Piece wage Plan

 Skill-based Pay

 Competency-based Pay

 Brand Banding


Other kinds

 Variable Compensation


 Executive Compensation


 Wage differentials