Professional Documents
Culture Documents
Strategies
Rewards
Saying ‘thank you’ for a job well done,
and thereby motivating the recipient to
continue to do those things that benefit the
organization
Rewards
Extrinsic Intrinsic
•Responsibility
Non-Financial •Interesting work
Financial
•Personal growth
•Diversity of
activities
1: EXTRINSIC FINANCIAL
REWARDS
• Wages
• Bonuses
• Profit-sharing
• Vacations
• Sick leave
• Purchase discounts
2. EXTRINSIC NON-FINANCIAL
REWARDS
• Office furnishings
• Lunch hours
• Parking spaces
• Work assignments,
locations
• Business cards
• Secretary
• Titles
REWARD
STRATEGY
LAWLER’S MODEL OF REWARD
STRATEGY
RESOURCES
INDIVIDUAL &
ORGANIZATION REWARD
CORPORATE ORGANIZATIONAL
DESIGN SYSTEM BEHAVIUOR
GOALS & &MANAGEMENT
OBJECTIVES STYLE
ENVIRONMENT
JOB
SATISFACTION
EMPLOYEE BUSINESS
INVOLVEMENT / PERFORMANCE
COMMUNICATION
HR PRACTICES
DYNAMIC REWARD STRATEGIES
BUSINESS
STRATEGY
PEOPLE
REQUIREMENT
PREVIOUS
REWARD
METHODS
CHANGES TO
REWARDS
EFFECTIVE REWARD STRATEGY
EFFECTIVE
REWARD
STRATEGY
ORGANIZATION COMPETENCIES
CAPABILITIES
BUSINESS EMPLOYMENT
DEAL DEMOGRAPHICS
STRATEGY
ORGANIZATION
STRUCTURE VALUES
TOTAL REWARD STRATEGY
PAY BENEFITS
• Career prospects
• Training and development
• Intrinsic interest of the work
• Flexible working arrangements
• Work life balance
Retention policies
• Capelli says “market determines the movement of
employees, not the company”
• Talent management (attraction and retention of
quality employees)
• Talent management policies
– To attract employees
– To develop employees
– Retain employees
– Motivate employees
Talent Management Policies