Compensation & Benefits

Compensation is a systematic approach of offering monetary benefits to employees in exchange for the accomplishment of assigned responsibilities. Compensation benefits the organizations in Recruitment, Job Performance, Performance Evaluation, etc.

Compensation and Benefits are very closely associated with

  • Recruit and retain qualified talent
  • Boost employee morale and job satisfaction
  • Reward and recognize performance
  • Nurture performance enhancement
  • Reduce employee attrition and thus reduce organization expenses

Reduce employee attrition and thus reduce organization expenses

ValeurHR vE helps organizations in setting up and defining

  • Base Pay
  • Commissions
  • Overtime Pay
  • Bonuses, Profit Sharing, Merit Pay
  • Stock Options
  • Travel/Meal/Housing Allowance
  • Benefits including, insurance, medical, vacation, leaves, retirement, taxes, etc.

Basic steps undertaken in Compensation and Benefits planning

  • Run a position wise job analysis to clarify the responsibilities
  • Evaluate all jobs by comparing with industry standards
  • Finalize the organization grades based on number pf pay grades / structures
  • Setup grade pricing and salary range.
  • Fix an appropriate salary structure for each grade
  • Obtain necessary approvals
  • Design necessary form and report formats
  • Then Communicate the final Benefits to employees

Pricing

10$ per user per month for upto 2000 users

( For more than 2000 users get volume discount. Contact us at sales@valuerhr.com )
  • Plug & Play cloud system with minimal configurations required
  • Inbuilt AI and loT
  • Process and system expertise in Human Capital Management to provide services as business execution partner
  • Unbeatable cost aligned with business goals

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