By Roger J. Plachy
A step by step source which courses repayment and human assets execs in designing and imposing a good pay programme. It exhibits the right way to hyperlink pay to functionality via targeting real effects completed, and the way to tie the pay programme into the organization's strategic plans.
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Extra info for Building a fair pay program: a step-by-step guide
Certainly find out what other organizations have in their benefits package, so you have a Page 16 base of comparison, but use the information only as a starting point. Develop a model, cost it out, and decide whether it would be attractive to your employees. Add the benefits cost to wages and salaries to determine the value of the total package. First, decide whether the program is too costly, given the overall financial program of your organization. Second, try to predict your employees' psychological and social perception of the package and the ratio.
Traffic managers direct information on formal and informal levels. Usually the formal and the informal traffic managers are not the same. Formal and Informal Information Managers Formal information managers are those whose names appear on the organization chart and on the official memos; informal information managers are the subculture figures who meet in the hallways and lunchrooms, who talk on the telephone, send e-mail messages, or drop by offices unexpectedly. You must operate on both levels in order to make your program a success.
Formal and Informal Information Managers Formal information managers are those whose names appear on the organization chart and on the official memos; informal information managers are the subculture figures who meet in the hallways and lunchrooms, who talk on the telephone, send e-mail messages, or drop by offices unexpectedly. You must operate on both levels in order to make your program a success. If you ignore or violate either level, your program may suffer, perhaps irreparably. You usually find out quickly when you miss a formal contact: people become upset, and they, or the person to whom they complained, will inform you.
Building a fair pay program: a step-by-step guide by Roger J. Plachy