A STUDY ON EFFECTIVENESS OF COMPENSATION AND ATTRACTING BENEFITS

A STUDY ON EFFECTIVENESS OF COMPENSATION AND ATTRACTING BENEFITS

RAGHUL P

Guide: Dr.S.Rathika, Asso. Prof/Head,

Department of MBA, Prince Shri Venkateshwara Padmavathy Engineering College, Chennai -127

ABSTRACT

This study has been enriched in BCUBE VENTURES LLP (DACE) to identify the current/existing compensation and its packages whether it is satisfying and benefiting the employees in a long-term basis. Compensation packages compensate employees based on various factors that can be studied. Compensation and benefits refers to the monetary and non-monetary rewards an employee receives from their employer in exchange for their work. Together, they make up a total compensation package, which may include salary, bonuses, insurance, retirement contributions, and various other perks aimed at attracting, motivating, and retaining employees. Overall compensation is the top factor that job seekers consider when accepting a new job. At the same time, compensation, benefits, and related taxes can account for up to 70% of business costs, highlighting the importance of getting comp & ben right at your company. The research design is used here is descriptive research design. The descriptive research design means the research which is done to know the current situation of the study. The data has been collected here is based on structured questionnaire. The sample taken for this study was 205 out of 430 population at BCUBE VENTURES LLP (DACE). The type of sampling technique Used for the study was simple random sampling. This study shows that the workers are getting the benefiting and satisfying packages, whether the management does take measures are not at BCUBE VENTURES LLP (DACE).