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compensation section

About the Compensation Discipline

The Compensation Discipline deals with the various forms of direct compensation—that is, employees’ pay—that employers use to attract, recognize and retain workers. It includes designing and administering compensation systems including base pay, differential and incentive pay, and overtime. It also includes matters that focus on compensation-related careers, communications, legal and regulatory issues, technology, metrics and outsourcing, as well as effective compensation practices and global compensation issues. It does not include the various forms of indirect employee compensation—commonly referred to as “benefits,” which are encompassed in the Benefits Discipline.

Although firms are expected to add more staff, most of the talent especially in the middle to senior management roles will remain in their current organizations, reveals Kelly Services' Employment Outlook and Salary Guide 2010-11.

Employees in India can expect an overall average salary increase of 11.6% in 2010, according to a recent Mercer India Monitor survey.  

Understanding these key executive compensation issues can help HR professionals to better integrate executive compensation with overall pay strategy throughout the organization.

More companies globally are awarding bonuses in 2010, but bonuses are more likely to be strongly tied to the bottom line with more challenging targets and greater focus on return on investment.  

According to the Mercer Asia Executive Remuneration Snapshot Survey, approximately 30-40% of an executive’s total pay package is linked to variable pay regardless of the type of organization.

Now that salary increments are back, a 7.5% to 15% raise for temporary staff is seen to be well in order to retain well-skilled people: TeamLease.

Compensation will always be a critical part of employment, influencing productivity, motivation, retention and much more. And HR has a strong influence and role in both the process and the policies behind it.

Salary increase for 2010 in India is projected to be 10.6%, the highest in Asia Pacific and up 60% from the actual increase of 6.6% in 2009, reveals Hewitt Associates Salary Increase Study

KPMG findings highlight social security rates as important factor to consider in international assignment program decisions and discussions

Taxes on personal income are on slow decline in many countries, which is akin to fall in corporate income-tax rates across the globe