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  • CM New Trends

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    Jansar Akhtar
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    Managerial compensation trends are moving away from traditional salary systems towards "cost to company" systems with greater transparency, performance-linked payments, and lifestyle perks. Compensation packages will see moderate pay increases with a focus on incentives to remain competitive while optimizing a combination of fixed and variable pay. New compensation approaches include skill-based pay, broadbanding compensation bands, variable pay, and team-based rewards.

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    Managerial compensation trends are moving away from traditional salary systems towards "cost to company" systems with greater transparency, performance-linked payments, and lifestyle perks. Compensation packages will see moderate pay increases with a focus on incentives to remain competitive while optimizing a combination of fixed and variable pay. New compensation approaches include skill-based pay, broadbanding compensation bands, variable pay, and team-based rewards.

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    7 views3 pages

    CM New Trends

    Uploaded by

    Jansar Akhtar
    Managerial compensation trends are moving away from traditional salary systems towards "cost to company" systems with greater transparency, performance-linked payments, and lifestyle perks. Compensation packages will see moderate pay increases with a focus on incentives to remain competitive while optimizing a combination of fixed and variable pay. New compensation approaches include skill-based pay, broadbanding compensation bands, variable pay, and team-based rewards.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
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    TRENDS IN MANAGERIAL COMPENSATION

    Cos moving away from traditional salary system to cost to company based system Transparency in Package Performance linked payments Life style perks to continue Moderate pay increase- focus on incentives Competitiveness in package Cos secretive about divulging salaries Age no longer bar to success Optimized combination of fixed & variable pay

    NEW APPROACHES TO COMPENSATION SYSTEMS


    SKILL BASED PAY BROADBANDING VARIABLE PAY TEAM REWARDS

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