PHR chapter5. Total Rewards 급여 보상 파트 목차 정리

미루고 미루다 3주도 안남은 상황에서 챕터 5부터 정리를 시작한다. 

5부터 하는 이유는 제일 어려운 파트이기도 하고, 다음주 부터 새롭게 진행하는 프로젝트에서 어차피 공부가 필요하기 때문이다. 

 

욕심같지만 무조건 합격을 향해 총보상 파트 요약 고고!

 

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Total Rewards Defined

• Monetary compensation (금전보상)
• Nonmonetary compensation (비금전보상)
• Direct compensation (직접보상)
• Indirect compensation (간접보상)

 

Budgeting and accounting for total rewards

총 보상에 대한 예산 책정을 위한 방법은 ①서베이 ②벤치마킹이 있다. 

• Salary surveays
  1. Employee surveys
  2. Government surveys
  3. Industry surveys
  4. Commissioned surveys
• Benchmarking

Compensation

보상을 결정할 때 아래와 같은 요소를 고려하여야한다. 

• 결정
  1. Enonimic factors
  2. Labor market
  3. Product market compensation
  4. Tax and accounting
• Types of compensation (보상의 유형)
  
  1. Base pay 
     • Performance-based compensation (성과급)
     • Seniority-based compensation (연공급)
  2. Pay differentials
     • Overtime
     • Shift pay
     • On-call pay (당번)
     • Call-back pay (비상 초과 근무 수당)
     • Reporting pay 
     • Hazard pay
     • Geographic pay
  3. Variable compensation
     • Individual incentives : ① plan design ② review process ③ communication and implementation
     • Organization or group incentive : ① Gainsharing ② Improshare ③ Scalon plan ④ Profit sharing ⑤ ESOPs (Employee stock ownership plans : 우리사주제도) ⑥ ESPPs (Employee stock purchase plan : 자사주 할인가격에 구매)
     • Special incentives
  4. Commissions and sales bonuses
  5. Bonus plans 
• Traditional pay structures
  

  *Salary administration [Analyze jobs] → [Evaluate jobs] → [Price jobs] → [Create salary structure] → [Place jobs in grades] → [Communicate plan to organization] → [Administer plan] → [Evaluate results]

  
  
  1. Job evaluation
     • Ranking method
     • Classification method
  2. Job pricing
  3. Salary structure development
     • Placing jobs in grades
     • Communicating the structure
  4. Administering the compensation plan
     • Range placement
     • Wage compression
     • Compa-ratios
  5. Increase to base pay
     • Cost-of-living adjustments (COLAs) (생계비 지수의 상승에 따른 임금 인상)
     • Annual reviews
       ① Employee's position in the salary range
       ② Tenure in position (Hire date / Date of last promotion)
       ③ Skill set and performance compared to peer group
     • Promotions
  6. Nontraditional pay structures 

Benefits

• Involuntary benefits
• Voluntary benefits
  1. Defined benefit
  2. Defined contribution
  3. Nonforfeitable (?)
  4. Party in interest (이해당사자)
  5. Plan administrator
  6. Plan sponsor
  7. Qualified plan
  8. Nonqualified plan 
• Deferred compensation benefit (이연보상급여)
  1. Qualified deferred compensation plans
     • Defined-benefit plans (연금액보증제도)
     • Cash-balancec plans (CBPs) (통산(通算) 퇴직금 적립제(직종·직장이 바뀌어도 존속된다)
     • Defined-contribution plans (확정 갹출형 퇴직 수당 제도)
     • Money-purchase plans
     • Target-benefit plans
     • 401(k) plans
  2. Nonqualified deferred compensation
• Health and welfare benefits
  1. Medical insurance
     • Health maintenance organizations (HMOs)
     • Preferred provider organizations (PPOs)
     • Point-of-service (POS) plans
     • Exclusive provider organizations (EPOs)
     • Physician hospital organizations (PHOs)
     • Fee-for service (FFS) Plans
  2. Other health benefits
     • Dental insurance
     • Vision insurance
     • Prescription Coverage
     • Life insurance
     • Accidental death and dismemberment insurance (AD&D) insurance
     • Short-and long-term disability insurance 
  3. Health benefit cost management
• Work-life benefits
  1. Time-off programs
     • Vacation pay
     • Sick pay
     • Holiday pay
     • Paid time off (PTO)
     • Unlimited time off 
     • Sabbaticals and leaves of absence (안식년 휴가)
     • Jury duty pay
     • Bereavement leave
     • parental leave
     • Voluteer time off (VTO)
  2. Wellness benefits
     • Increased productivity
     • Reduced turnover
     • Reduced medical costs
     • Reduced absenteeism (결근감소)
  3. Childcare and eldercare
• Other voluntary benefits
  1. Flexible spending accounts (참고)
  2. Cafeteria plans
  3. Employee assistance programs

Payroll

• Payroll systems
• Payroll administration 
  1. Employee earnings 
  2. Statutory deductions (법정공제) - Social security, Medicare Federal income tax, State income tax, Unemployment insurance, Disablitiy insurance, Other state and local taxes
  3. Voluntary deductions
  4. Invountary deductions
     • Debt garnishment calculations
     • Child-support garnishment calculations (자녀양육료계산)
  5. Payroll-related information
  6. Outsourcing compensation

Communacation compensation and benefits programs

Metrix : Measuring results

• Business impact measures
• Tactical accountability measures
• Benefits as a persentage of operating expenses (운영비 절감에 따른 이점)