Remuneration

Group 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
REMUNERATION
 OBJECTIVES
• 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 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 Services

Any Branch Banking (ABB)

ATM Banking
IOB STARS (Indian Overseas Bank -
Speedy Transfer and Realization Service)
Scale
Common allowances
Forms of Remuneration
 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 Methodology

Primary Data

Secondary Data

Sample Size

Research Tool
Data Interpretation
& Analysis
 Are you satisfied with salary you draw ?
70%

60%

50%

40%

67%

30%

20%
33%

10%

0%
Yes No
 Do you require remuneration above your
80%
salary ?
70%

60%

50%

40%
73%

30%

20%

27%

10%

0%
Yes No
 Which following factors do you
think will get you remuneration?

 
Conclusion
Recommendation

• Performance based remuneration

• Remuneration Committee
Thank You !