PERANCANGAN KOMPENSASI PEGAWAI PKWT DIVISI PROJECT DEPLOYMENT DI PT X DENGAN MENGGUNAKAN PRINSIP 3P (PAY FOR POSITION, PAY FOR PERSON, DAN PAY FOR PERFORMANCE)

• Main Author: T L Simatupang, Grace
• Format: Final Project
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/77739
• Institution: Institut Teknologi Bandung

PT X is a state-owned enterprise focused on electronics for industry and infrastructure. PT X believes that human capital is a main asset for the company as a great quality of human capital can add value to the company. An appropriate compensation is one of the way to maintain the quality of human capital. The current compensation structure of PT X is considered not to have a strong basis and does not attentive enough to some aspects of compensation that are considered crucial by the stakeholder. Some of the concerns are the percentage of salary increase for each job and the leveling of the job grade. This research designs a compensation strucutre with 3P models to provide a strong-based compensation that is adjustable to what the employee delivers for the company. The 3P-based compensation is a payroll model that rates salary based on three components of payment. Pay for person compensates the employees by their basic needs and value. Pay for position provides wages based on the position and the workload the employees have. Pay for performance rewards the employees based on their achievements and performances. Some data will be needed as inputs in order to design the 3P-based compensation. The quality of the input data will determine the quality of the design. Those data are the company’s basic salary information, the job position’s value relative to others, and employee performance measurement. The relative job position’s value will be evaluated through Hay Chart Method. This job evaluation will need the detailed job description that will be obtained from conducting a job analysis. Stakeholders’ opinion is also needed to adjust the design result to the company’s ability. The compensation designed in this research is expected to cover the needs of the employees by having 3P models as the strong structure and foundation. This design is also expected to point out the internal and external fairness in compensation.