Page 30 - Appreciating Organization's Biggest Assets

Key Position, Job Title, Reporting The five basic compensation
Relationship, and a combination of elements include: Salary, Benefits,
two or more of these. Short-term incentives, Long-term

The case study focuses on different Incentives and Perquisites. Salary
types of executive compensation and Benefits are offered at all levels in
plans and the impact it has on an organization, whereas all five are
women employees. The glass present at the CEO level. Employee
ceiling effect that is usually seen benefits are compensations provided
when companies compensate the to employees (1) protection
executives. According to Rica in case of health and accident-
Bhattacharyya “Women executives related problems, and (2) income
are paid 45 percent less than male at some future date or occasion
executives, that effects career (upon retirement, termination
growth and promotions”. A survey of employment, or meeting of
done by Economic Times said that certain objective criteria). Employee
women earn 19 percent less than services are type of compensation
men. This is in context with overall that contribute to the welfare of
gender pay gap. The case focuses on the employee, enabling them to
this biasness for executives and the enjoy a better lifestyle and to meet
compensation plans that add to it. social or personal obligations while
minimizing employment-related
An executive is an individual in the costs.
top management of an organization
who holds the authority to take Objectives
decisions and manage and oversees • A study in components of
strategies for the entire company. executive compensation.
A few executive positions include • A study on wage pay for
Chief Executives, Vice Presidents, women employees.
Chief Officers and Executive
Directors. The reward structure • A study on executive
for executives also known as compensation pay for women
executive compensation consists employees.
of Extrinsic Compensation i.e., Literature review
Pay and Intrinsic Compensation
also known as Psychic income is Ana P. Fernandes and Priscila
compiled of environment, type Ferreira (Executives’ gender pay
of work, learning, development gap and financing constraints,
opportunities and recognition. Journal of Economic Behavior
& Organization, Volume 192,

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