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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