Performance and Compensation Management Project
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[pic 1][pic 2][pic 3][pic 4][pic 5]PERFORMANCE AND COMPENSATION MANAGEMENT[pic 6]SUBMITTED BY: PONAM (32052) SABINA AKHTAR JAMALI (SUBMITTED TO: DR. KASHIF MEHMOODACKNOWLEDGEMENTS[pic 7]April27th, 2016We would like to offer our humble thanks to Allah Almighty, the most Gracious and the most Merciful, who gave us strength and enabled us to achieve our goals. The core purpose of the project is to identify the Real-world application of all the conceptions we studied in the Performance & Compensation course. The material that has been involved in this report is based on data/information gathered from various sources and is based on certain assumptions. Although, due care and caution has been taken to compile this report but the contained information may vary due to any change in any of the concerned factors, and the actual results may differ substantially from the presented information. We are heartily thankful to our PnC knowledge Bank teacher; Dr. KashifMehmoodwhose constant guidance and support enabled us to develop an understanding of the subject which ultimately helped us in making of this project. Report submitted bySabina Akhtar JamaliLETTER OF TRANSMITTAL[pic 8]April27th, 2016Dr. Kashif MehmoodFacilitatorIQRA UniversityKarachiDear Sir, Here is the term report on the topic that was authorized by you after the middle of term to be submitted by the end of this semester.I hope it is up to your expectations and fulfills the criteria that you had expected from us. Sincerely,Report Submitted bySabina AkhtarSUMMARY OF REPORT[pic 9]This report is based on performance and compensation structure of Saffire Consulting Group.Saffire Consulting Group offers a broad portfolio and business solutions to help its worldwide clients to improve their business performances. There are more than 100 courses in our recruitment training program, and all of them are based 100% on our own best practices and ongoing innovationThe HR Consulting industry has a very high potential when it comes to growth and development of any company. The organizations in this industry play a vital role in the functional part of society as we know it. To understand the inner workings of such organizations, this report explains the overall Compensation, Benefits & Performance Appraisal Structure of Saffire Consulting Group that is currently operated in Pakistan.
In our study we have found that on most indicators it focuses on how one of the HR Consulting Firm (Saffire Consulting Group) provide compensation and benefits structure and also performance appraisal to retain good pool of resource by motivation, commitment and willingness.TABLE OF CONTENTOrganizational hierarchy[pic 10] [pic 11] [pic 12] [pic 13]REVIEW OF DEPARTMENTSBelow table shows the departments of Saffire Consulting Group (SCG).Existing SCG DepartmentsOPERATIONSBUSINESS SUPPORTQuality AssuranceFinance & CorporateQAFinance & TreasuryQCHuman Resource & Administration MIS CEO OfficeJOB ANALYSISIn saffire consulting group job analysis is use to find out the duties and requirement of the particular job. Saffire consulting group is not a big organization so there is no so much long process of job analysis. In job analysis they prepare job description and job specification. On that base they conduct interview or hiring process.INTERVIEW PROCESS:Saffire consulting group conduct two type of interview.Telephone Interview:In telephone interview they check out communication skills, qualifications, work experience, voice quality. On that base they hire the employeePanel Interview: In panel interview they find out personality, learning potential, qualification work experience, background, ability and attire. They hire the employee on these bases.STANDARDIZE INTERVIEW ASSESSMENT AND COMMENTS:[pic 14][pic 15][pic 16]PAYROLL SYSTEM IN SAFFIRE CONSULTING GROUPPayroll Period: 21st day of last month to 20th day of current monthOvertime Period: Previous Calendar Month