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Webable a Premium Brand

Autor:   •  April 13, 2019  •  Term Paper  •  504 Words (3 Pages)  •  20 Views

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Since WEBABLE is a premium brand in the agency space, so their payment is also premium. They usually usually pay more than the industry standards as they charge more than the industry standards. their salary ranges from 5k for interns to 80k for planners. If a candidate has previous work experience, they ask them for previous pay slip and pay them more or the same amount. There are certain benefits for reaching goals. For example, annual retreat is something that we do every year if the target is met. Usually it’s based or sales. This is for the whole company. Other benefits include free coffee, flexible working hours and even uber fare for going to meetings. We believe no employee should bear the expense of their transport. As a company, we are more focused on working and reaching our goals rather than just focusing on who come when and what they wear.

In case of payment they use competency based payment policy .

Competency-based pay

  • Where the company pays for an employee’s range, depth, skills and knowledge, rather than for the job title (i.e. rewards individual ability and KSA’s over position)

Why Use Competency-Based Pay?

  • To support high-performance work systems (systems that encourage individual employee decision-making, empowerment, creativity and teamwork)
  • Clear link to company strategy (paying for what the company needs)
  • Useful for performance management (aligning performance appraisal, training and rewards to match the company’s strategic objectives)

Employee benefits are non-salary compensation that can vary from company to company. Benefits are indirect and non-cash payments within a compensation package.  They are provided by organizations in addition to salary to create a competitive package for the potential employee. An employee benefits package includes all the non-wage benefits, like insurance and paid time off, provided by an employer. There are some types of employee benefits that are mandated by law, including minimum wage, overtime, leave under the Family Medical Leave Act, unemployment, and workers compensation and disability. the benefits are providing by WEBALBE are-

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