Comp.- Rewards Strategy

Comp.- Rewards Strategy - Recognition Awards 2% Bases For...

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Rewards Strategy
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Rewards Strategy Options Competitive rewards levels Internal hierarchy and structure Mix of types of rewards Bases for rewards increase Administrative styles
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Competitive Rewards Levels Benchmark choices Labor market Product market Level Consistency Job family Business unit Geographic area
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Internal Consistency Number of systems Job family Organizational level Location Business unit Relationships Between systems Within systems
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Psychic Pay Mix of Types of Rewards Base Pay 42% Perquisites 3% Benefits 35% Incentive Pay 18%
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Unformatted text preview: Recognition Awards 2% Bases For Rewards Increases Individual need Market Movements Output Organizational Loyalty C o s t o f l i v i n g Administrative Styles Openness Communications Participation Design Administration Grievance/Appeal Procedures Rewards Strategy and Your Organization What strategy is implicit in your various rewards programs? How do they support organizational strategy? Could they do better? Are they aligned with organizational culture?...
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Comp.- Rewards Strategy - Recognition Awards 2% Bases For...

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