Compensation Management (Bbcm4103)
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COMPENSATION MANAGEMENT (BBCM4103)
______________________________________________________________________________
Tugasan Individu
Nama : MAZNAH BT MAMISAN
No. Pelajar : G13747001
No KP: G/13747
No. Tel: 0197525333
Email: pn_maznah@oum.edu.my
Tutor: EN. CACOK @ MUHATHIR BIN MUHAMAD NOR
PPW JOHOR BAHRU
SEMESTER JANUARI 2011
TABLE OF CONTENT
Content Page
Azko Nobel 3 AkzoNobel Values Akzo Nobel Vision 4 Interviewer details 5
Components of compensation Basic wages/Salaries 6
Dearness allowance 7
Incentives
Bonus 7
Non-monetary benefits
Commissions 8
Mixed plans 8
Fringe benefits
Approaches of compensation management
Evaluation
Conclusion 9
Recommendation 10
References 11
Azko Nobel
Akzo Nobel has a long history of mergers and divestments. Parts of the current company can be traced back to 17th century companies. The milestone mergers and divestments are the formation of AKZO in 1969, the merger with Nobel Industries in 1994 forming Akzo Nobel, and the divestment of its pharmaceutical business and the merger with ICI in 2007/2008 resulting in current day AkzoNobel.
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. They supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for their customers. Their portfolio includes well known brands such as Dulux, Sikkens, International and Eka.
Headquartered in Amsterdam, the Netherlands, and Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes . With operations in more than 80 countries, 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today, this is
COMPENSATION MANAGEMENT (BBCM4103)
______________________________________________________________________________
Tugasan Individu
Nama : MAZNAH BT MAMISAN
No. Pelajar : G13747001
No KP: G/13747
No. Tel: 0197525333
Email: pn_maznah@oum.edu.my
Tutor: EN. CACOK @ MUHATHIR BIN MUHAMAD NOR
PPW JOHOR BAHRU
SEMESTER JANUARI 2011
TABLE OF CONTENT
Content Page
Azko Nobel 3 AkzoNobel Values Akzo Nobel Vision 4 Interviewer details 5
Components of compensation Basic wages/Salaries 6
Dearness allowance 7
Incentives
Bonus 7
Non-monetary benefits
Commissions 8
Mixed plans 8
Fringe benefits
Approaches of compensation management
Evaluation
Conclusion 9
Recommendation 10
References 11
Azko Nobel
Akzo Nobel has a long history of mergers and divestments. Parts of the current company can be traced back to 17th century companies. The milestone mergers and divestments are the formation of AKZO in 1969, the merger with Nobel Industries in 1994 forming Akzo Nobel, and the divestment of its pharmaceutical business and the merger with ICI in 2007/2008 resulting in current day AkzoNobel.
AkzoNobel is the largest global paints and coatings company and a major producer of specialty chemicals. They supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for their customers. Their portfolio includes well known brands such as Dulux, Sikkens, International and Eka.
Headquartered in Amsterdam, the Netherlands, and Global Fortune 500 company and are consistently ranked as one of the leaders on the Dow Jones Sustainability Indexes . With operations in more than 80 countries, 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today, this is
References: i- Henderson, R. (2006). Compensation Management in a Knowledge-Based World. Upper Saddle River: Pearson Education, Inc. ii- Hellriegel, D. & Slocum, J. (2009). Organizational Behavior. Canada: Cengage Learning. iii- Berger, L., & Berger D. (2008). The Compensation Handbook, A State-of-the-Art Guide to Compensation Strategy and Design. United States: The McGraw-Hill Companies, Inc. iv- Caruth, D. & Handlogten, G. (2001). Managing Compensation (and Understanding It Too) A Handbook for the Perplexed. Westport: Quorum Books.