Developing And Managing A Total Compensation System Pdf -

Developing and Managing a Total Compensation System Introduction to Total Compensation Systems

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┌────────────────────────────────────────────────────────────────────────┐ │ TOTAL COMPENSATION SYSTEM │ └────────────────────────────────────────────────────────────────────────┘ │ │ ┌──────────▼──────────┐ ┌──────────▼──────────┐ │ Direct Compensation │ │ Indirect Compensation │ └──────────┬──────────┘ └──────────┬──────────┘ │ │ ├── Base Pay (Salary/Wages) ├── Mandatory Benefits (Tax, Insurance) └── Variable Pay (Bonuses/Equity) └── Perquisites & Wellness Programs Direct Compensation developing and managing a total compensation system pdf

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