Question

discuss the compensation policy at Emirates NBD bank

Answer 1

Looking at the current compensation policy which Emirates NBD bank has achieved acceptance of its employees in full measure.

As a firm, it is highly important to keep the employees satisfied. So in order to satisfy, we have to analyze the level of motivation they need. And Emirates NBD bank has successfully analyzed and put into effect with their compensation policy.

They not only give basic pay and allowances. beyond that, they provide fringe and perks as benefits so that they can keep employees happy and morale. The high morale rate results in high productivity.

The compensation policy of the bank includes below.

Basic pay

Vacation & Paid Time Off

Health Care & Insurance- for their employees and the family members of their employees.

Sick Leave

Reward recognition

Free transportation across Dubai, Sharjah and Ajman to office location Discounted Food available in Cafeteria from world-renowned Food chains

Tax-free salary

Disability Insurance

Performance Bonus

Apprenticeship Program

Retirement Plan

Maternity & Paternity Leave

Job Training & Tuition

Morover, the attractiveness of the compensation is the equality of gender. The ratio of basic salary remuneration rate of women to men is 1:1.