Description

Definition
The Compensation and Benefits policy defines the overall salary structure of employees and the principles over which the Compensation and Benefits structure is based. The Compensation and Benefits policy document aims to share with the respective stakeholders, the fundamental principles based on which the Compensation and benefits of the organization is designed.

Scope and Applicability
The Compensation and Benefits policy defines the principles upon which the Compensation and Benefits structure of the organization has been formulated. 
The Compensation and Benefits policy serves as a strong foundation for referring to the structure and components of the compensation for employee/s and the HR department. 
The Compensation and Benefits policy is applicable to all the employee/s who are working with the organization. 

Objective
 The Objective of Compensation and Benefits policy is aimed towards building a strong foundation for laying the framework of Compensation and Benefits structure of the organization. 
The aim of Compensation and Benefits policy of the organization is to abide by the principles of transparency and communicating the same to it’s employee/s.