Use compensation as a strategic weapon

Use compensation as a strategic weapon

Offering employees the opportunity to develop an incentive program may give the company a better return on its compensation dollars. Employees must feel comfortable with the program before they can be expected to buy into it. Giving employees the power to stop the process, as well as the ability to...

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Veröffentlicht in:HR Focus 1994, Vol.71 (8), p.12
1. Verfasser: Markowich, M. Michael
Format: Newsletterarticle
Sprache:eng
Schlagworte:
Compensation
Compensation management
Employee benefits
Employee motivation
Employees
Employers
Guidelines
Human resource management
Implementations
Incentive plans
Incentives (Business)
Management
Merit increases
Methods
Task forces
Wages & salaries
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Zusammenfassung:Offering employees the opportunity to develop an incentive program may give the company a better return on its compensation dollars. Employees must feel comfortable with the program before they can be expected to buy into it. Giving employees the power to stop the process, as well as the ability to design the plan's features, is one of the best ways to ensure commitment.
ISSN:1059-6038
1945-5089