Question

1.2 Please give the example of the compensation package that you would like to provide to Manager and Director position

Manager Position

Direct Financial Compensation	Indirect Financial Compensation	Non-Financial Compensation

Answer 1

The compensation package is very important as it is the best way for recognizing and rewarding of an employee for his or her contribution towards a company. A manager or employee can be rewarded in three ways such as direct financial compensation, indirect financial compensation, non-financial compensation. Direct Financial Compensation is a financial compensation that is paid directly to a manager or employee. Indirect Financial Compensation is one that does not involve any money paid towards a manager or employee but it has a financial cost that will be borne by an employee or manager. Non-Financial Compensation is one that does not have a financial cost but causes the job satisfaction of employees or managers.

Examples of the different compensation package for a manager or director position shall be given below.

Direct Financial Compensation	Indirect Financial Compensation	Non-Financial Compensation
1.Salary 2.Incentives 3.Bonus 4.Commission 5.Allowances	1.Health insurance coverage 2.Retirement plans 3.Stok options 4. Counseling 5.Club memberships 5.Training programs 6.Educational benefits 7.Annual leave 8.Pension funds 9.Housing benefits 9.Company laptop, mobile, etc.	1.Good work environment 2. Emotional well being 3.Psychological joy 4.Leadership opportunities

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