By Todd M. Manas
This pack indicates the best way to create more-than-money worker rewards programmes as a part of a company's long term enterprise approach. The e-book positive aspects over a hundred functional instruments for constructing potent platforms, and the CD-ROM permits you to positioned the book's step by step approach to paintings instantly.
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Extra resources for Creating a Total Rewards Strategy: A Toolkit for Designing Business-Based Plans
Example text
This is the philosophy of the rewards (or compensation philosophy), the overarching premise of reward programs. It Page 7 Figure 1-2. Reward strategy and objectives. Page 8 defines at the highest level how you want your plans to be viewed. It is the statement of the plan's imperative—what it is designed to accomplish (see the sidebar on how "Attracting, Retaining, and Motivating Are Noble Pursuits"). Attracting, Retaining, and Motivating Are Noble Pursuits There are pundits who would have us believe that the mantra "attract, retain, and motivate" is passé as a reward philosophy.
Link between business strategy, people, and rewards. xx Figure P-2. Respondents' profile. xxii Figure 1-1. Total rewards. 2 Figure 1-2. Reward strategy and objectives. 7 Figure 1-3. Five phases of reward strategy development. 9 Figure 2-1. The building know-how phase. 14 Figure 2-2. Employee involvement in Total Rewards Strategy design. 16 Figure 2-3. Defining why-what-where-when-who-how-how much. 20 Figure 2-4. The project team structure. 23 Figure 2-5. Project team roles and responsibilities.
Breakdown by revenues (in millions): Breakdown by number of employees: Page xxiii What the Data Tell Us The most powerful finding is that in the next three years companies seek to achieve more, in more varied ways. The preponderance of organizations indicated increases in the numbers of business strategy initiatives, means for adding value to their products and services, requirements for capabilities, and attributes for success. To achieve this, they will need more variety in their reward programs.