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COMPENSATION MANAGEMENT - Coggle Diagram

- - - - Bonus
      - Profit Sharing
      - Wages
    - - Retirement plans
      - Paid Vacations
      - Paid sick leaves
      - Purchase discount
  - - - Incentive systems
      - Group bonuses
      - Commissions
    - - Labour-market conditions
      - Seniority or time in organisation
      - Credentials
  - - - Sense of accomplishment
      - Enjoyment of being a part of a team
      - Pride in one's work
    - - Promotions
      - Benefits
      - Money
- - - - Point Values to Job Factors
      - Job complexity
        
        Decision Making
        
        Working Independence
        
        Problem solving
      - Compensable Factors
        
        Experience
        
        Education
        
        Accountability
    - - Ranking jobs using point values
      - Creating Job Evaluation Hierarchies
    - - Analyzing Job Descriptions and Requirements
      - Conducting Interviews and Surveys
    - - Establishing Evaluation Criteria
        
        Skill
        
        Effort
        
        Responsibility
        
        Working Conditions
      - Assembling Evaluation Commitee
        
        Managers
        
        HR Professionals
        
        Other experts
      - Identifying Need for Job evaluation
    - - Feedback
      - Making adjustments
      - Conducting quality checks
- - - - Administrators
      - Drivers
    - - Lift & escalator
      - Retail
      - Landscape
      - Food services
      - Security
      - Cleaning
  - - - Work adjustments
      - Increments
      - Salary for work done
      - Overtime payment
    - - Allowances
      - Commissions
      - Basic wage