SHIELDSafety through Quality &

Sustainability

Faisal

Shajjad

Shajjad

ShajjadKabir

Reduwan

Hasnat

SHIELD

HO (Head Chittagong)BSRM, Chittagong

Industry Steel Manufacturing

Size 3000+ Employees,

Net Profit206 Crore Taka

Market Share25%

Competitors KSRM, AKS

Website www.bsrm.com

Living the Brand

Compensation Practice in BSRM

Purpose

To increase or maintain morale.

To reward for job performance.

To recruit & retain qualified employees.

To determine basic wage & salary.

Can Salary differ while two employees are working in the same

position?

Job Evaluation for the position of Team Member CSD & Team Member SMS

Compensable Factors

DegreeWeights Total1 2 3 4 5

Skill(40%)

Education 20% 40 80Experience 20% 20 20

Effort(30%)

Physical 15% 30 45Mental 15% 30 45

Responsibility (20%)

Effect of Error 10% 20 40Innovation 10% 10 30

Working Conditions

(10%)

Environment 5% 15 15Hazards 5% 15 25

CSDSMS

180 300

Team Member CSD – 18,000.00Team Member SMS – 30,000.00

Individual Target Setting Form

KPI RatingAchievement of KPIs Rating

90 - 100% 580 – 89% 470 – 79% 360 – 69% 250 – 59% 1

< 50% 0

Competency RatingLevel 1 Level 2 Level 3 Level 4

In Charge is mapped at level 2. Hence a tick (√) for a theme in level 2 will get a score

of 1.0.75 1.0 1.25 1.5

Theme 1 (Customer Orientation) √

Theme 2 (Execution Excellence) √

Theme 3 (Problem Solving) √

Theme 4 (Quality Focus) √

Theme 5 (Teamwork) √

Score 5.0

Finalizing of Rating

KRA Rating 4.00

Competency Rating 1.00

Overall Rating 5.00

Final Performance Rating = 20% of Competency Rating + 80% of KPIs Rating

Linkage of the Appraisal Process at BSRM to Increment:

KRAs Competencies

Increment/Pay

Individual Performance

Increment % as on Individual Performance Rating/Score:

Individual Performance Rating/Score Increment %

4.5-5.0 30%

4.0-4.4 25%

3.5-3.9 20%

3.0-3.4 15%

<3.0 10%

Increment % as on Individual Performance Rating/Score:

SL Name Functional Title Overall Rating

Current Gross (Tk.)

Increment %

Increment Amount

(Tk.)

Revised Gross (Tk.)

1. Hasan In-Charge, HR 5.00 50,000.00 30% 15,000.00 65,000.00

2. Rakib Lead HR 4.30 80,000.00 25% 20,000.00 1,00,000.00

3. Azim Team Member, HR 4.70 25,000.00 30% 7,500.00 32,500.00

4. Rayyan Team Member, HR 3.90 28,000.00 20% 5,600.00 33,600.00

5. Fahim Head HR 4.5 1,50,000.00 30% 45,000.00 1,95,000.00

Compensation Dimensions in BSRM

• Pay for work and performance

• Salary• Bonuses• Incentives• Travel

allowances• Daily

allowance

• Pay for time not worked

• Weekends• Yearly

Holidays• Sick Leave• Casual

Leave• Maternity

leave

• Family maintenance

• Children Education Scheme

• Hospitalization• Maternity

Benefit• Domiciliary

• Fringe Benefit

• Provident Fund

• Gratuity• Medical

benefits• Group

Insurance

• Reward• Long Service

Award.• Living The

Values the Best Award

• Best Suggestion Award

• Significant Award

• Employee Children Education Achievement Award

• Perquisites

• Company Car

• Leave fair assistance

• Executive Health Checkup

• Stock Options

• Foreign Tour

Thank You