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COMPENSATION AND REWARDS (Pay structure (Legal requirements (Equal pay,…
COMPENSATION AND REWARDS
Job structure
Job evaluation
Pay structure
Legal requirements
Equal pay
Over time pay
Child labor
Market Forces
Labor markets
Prod. markets
Organizational goals
Quality of workforce
Benchmarking
Above or below market
Total Compensation
Benefits + Pay
Long term and short term Incentives
Individual
Sales Comission
Balance Scorecard
Performance Bonus
Piecework rate
S.T. Hour plan
Merit Pay
Group
Gain sharing
G.R. Bonuses
Team awards
Organization
Stock ownership
Profit sharing
Stock options
Team members: Marilú Gómez, Gabriel Amzallag, Daivik Charles, Giovanni Corti
How to make it work?
Paricipation
Communication