First of all I would like to thank to our dear teacher mam binish khan who assigned such a practical project. And to make this project succesful we use all our skills and we are satisfied from our efforts devoted to the completetion of this project.

Acknowledgement

The proposal of this project was analyzing the compensation strategies of telenor company.

the compensation strategies of this organization are very delicat

and confidential. We tried all the possible major as well as minor sources to get

the access to their strategies. We are not told the core strategies which create the edge

in the market, but a general overview has given. So this project finding may not be

100% accurate but we hope best for the significance of these findings.

Proposal

Telenor Group is one of the world’s major mobile operators with 120 million mobile subscriptions. Telenor is a world-class provider of mobile communications services. Telenor mobile operations covering 12 countries.

The Telenor brand expresses its ambition and our logo is a symbol of movement and change our continuous evolution to enable people to communicate better.

Telenore

Make it Easy We're practical. We don't complicate things. Everything

we produce should be easy to understand and use. Because we never forget we're trying to make customers' lives easier.

Keep Promises Everything we set out to do should work, or if it doesn't,

we're here to help. We're about delivery, not over promising, actions not words.

Be Inspiring . We are creative. We strive to bring energy to the things

we do. Everything we produce should look good, modern and fresh. We are passionate about our business and customers. We acknowledge and respect local cultures

Mission statement

Telenor Pakistan launched its operations in March 2005 as the single largest direct European investment in Pakistan.

We are the fastest growing mobile network in the country.

We are spread across Pakistan, creating 2,500 direct and 25,000-plus indirect employment opportunities.

We have more than 200 franchisees and some 100,000 retail outlet.

Telenore pakistan

Telenore usb service.Telenor USB is a particular USB device that can be easily plugged in your computer or laptop so as to provide instant access to internet not only over 400 local destinations, but also to several international destinations.

Telenore products

Online sim delivery serviceSIM Delivery Service’ is recently introduced by none other than Telenor Pakistan which includes the online booking of new SIM as well as Mobile Number Portability (MNP) along with the facility of home

Cont…..

Prepaid pachages

A. dejuiceB. talkshawlk

Cont……

Post paid packages

A. persona individualB. persona karobar

Cont……

working with academic and industrial partners worldwide, Telenore is constantly developing, testing and demonstrating new mobile services and technology solutions. Telenore research and innovation unit is an innovation hub for the telenore group. With three locations in Norway, and a settelite in kola lampur and Malaysia.

Research products in near future

Cont….

Major competitors

Mobilink Ufone Warid Zong Indirect competitors

direct competitors PTCL Calling card providers Wateen Telecom Worldcall wireless PTCL wireless

Telenore HR department

Recruitment and selection Training and development Equal employment opportunity Compensation Labor relation Employe benefits

Funtions of HR department

Compensation is the total amount of the monetary and non-monetary pay provided to an employee by an employer in return for work performed as required.

Compensation

All this credit goes to the Human Resource Management, which strategically aligned all HR practices with the core Business strategies of becoming market leader. We will here to discuss only the compensation strategies of Telenor as a tool for attracting, retention and motivation of productive employees

Compensation strategies in telenore

The Telenor uses various incentives plan. Different packages and plan are deisgned for different people and groups according to the nature of the job and the impact on the organizational achievement. The commonly used plans are

Individual incentives plans Group incentives plans Organization incentives plans Special incentives plans Management incentives plans Coordination Incentives plans

Incentive plans

In Telenor they strongly give importance to the individual performance because it is the individual performance that enhances the group performance and ultimately organizational performance. The individual incentives plans are based on the successfully achievement of the individual predefined goals and objectives. These incentives are in various forms like

Commission Bonus pay Cash rewards Over-time payments Bonus one month cell phone charges Leaves in cash Days off Shift payment and unsocial hours

Individual incentive plans

Group incentives plan are mostly designed for the technical staff, engineers, sales team and marketing teams. These group incentives plans are

Project rewards Group rewards Group trips Remote areas incentives Group annual bonus Special assignment or project provision Special group meal

Group incentive plans

These are those incentives granted to almost all employees when organization meets the set objectives either financial or strategic.

These includes Bonus pay Payments Cash Bonus Annual Cash Bonus

Organizational incentives

The Telenor has a very distinct special incentives plan in comparison to other competitors. Following are the few effective special incentives plan not exist in Mobilink.

Golden Hellos Golden Handcuffs

Special incentives

Management incentives plan are those only for managers for achieving excellence in the management and optimal utilization of organizational resources. These incentives may cover two-three years gross salaries payment or a certain amount of cash payment for fixed time period. The objective of this incentive plan is to keep the managers at optimal level.

Management incentive plans

Further eduaction Gratuity Internship Leptop Life insurance Long service awards travel

Telenore other benefits for employees