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Power point presentation on Compensation: Direct and Indirect = Total Compensation (Research)
Per the textbook, compensation can come in the form of financial returns, tangible services, and benefits. The two types of compensation are direct and indirect. Direct consists of pay for work performed. Indirect consists of the perks and benefits associated with the position/employment.
Imagine that you are a human resources (HR) manager, and it is your responsibility to identify data to help strategize, benchmark, and develop proper pay compensation for all positions within the organization. There are tons of software, vendors, and/or other services available to help with developing the pay grades, levels, and/or categories; however, the following website provides data and insight into the total compensation package:
. You decide to use this website to help you develop your pay model and total compensation strategy.
For this assignment, you will create an eight- to 10-slide PowerPoint presentation. You will first choose a job title and a location to present the www.salary.com findings/results. Imagine that you are presenting to your company leaders, and ensure that you identify the following components:
benchmark benefits with the industry average.
Below are the steps to access the material.
(located at the top of the screen).
(from the drop-down menu).
Enter job title and location.
Get My Salary Estimate
Select one job title of your choice.
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Salary and Benefits
, which can be accessed using the navigation panel on the left. (Use this information to create your presentation.)
Once you select
(located to the left of the screen), click the
tab (located at the top of the page).
drop-down list, select the appropriate industry.
Once the results are provided, review the
Define Employer Contributions
Annual Value of Benefits
portion lists the indirect benefits. Enter data for the following fields: 401k, disability, healthcare, pension, and time off (enter as days; on average, most organizations offer 21 days).
Review the results within the
Compare Benefits to Industry
As you create the content slides for your presentation, be sure to use the speaker notes function to explain the content in detail for each of the slides.
Include a title slide and a references slide in your presentation; however, please note that these slides do not count toward meeting the total slide count requirement.
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