RemunerationRemuneration

Group MembersGroup Members• Anupama Nair 91• Hanesha Shanklesha 85• Tapan Mishra 142• Atul Sahu 103• Pankaj Kumar 90• Suresh Singh 123• Prathvish Jathana 94• Shashank Salaskar 72

REMUNERATIONREMUNERATION

OBJECTIVESOBJECTIVES

• To study remuneration policy of employees. • To study relation between performance and

remuneration of employees. • To study challenges faced by employees for

remuneration. • To study factors influencing employees for

remuneration.   

Indian Overseas BankIndian Overseas Bank

Indian Overseas Bank was established in 1937 with the aim to specialize in foreign exchange and overseas banking business in India. It started with simultaneously three branches in Chennai, India; Rangoon, Burma (Now Myanmar) and Penang. On the Independence Day, Indian Overseas Bank had expanded to 38 branches within the country and 7 branches abroad.

Indian Overseas Bank ServicesIndian Overseas Bank Services

Any Branch Banking (ABB) ATM Banking IOB STARS (Indian Overseas Bank

- Speedy Transfer and Realization Service)

ScaleScale

Common allowancesCommon allowances

Forms of Forms of RemunerationRemuneration CCA LTC HRA/ QUARTERS Performance related compensation Provident funds/ pension Group insurance Concessions and advance

Basic structure- scale 4 Basic pay 24000 DA 12000 CCA 540 Other allowance 1400

 

Research MethodologyResearch Methodology

Primary Data

Secondary Data

Sample Size

Research Tool

Data InterpretationData Interpretation& Analysis& Analysis

0%

10%

20%

30%

40%

50%

60%

70%

Yes No

67%

33%

Are you satisfied with salary you draw ?

0%

10%

20%

30%

40%

50%

60%

70%

80%

Yes No

73%

27%

Do you require remuneration above your salary ?

Which following factors do you think will get you remuneration?

 

ConclusionConclusion

RecommendationRecommendation

• Performance based remuneration

• Remuneration Committee

Thank You !Thank You !