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  • How To Align Reward Strategy

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    NVD
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    To attract talent in the pioneering growth phase, companies aggressively position pay above market average and minimize cash payouts by emphasizing long-term payment plans and an augmented benefits scheme tied to tenure. In the mature phase, base pay rates are set below market average to contain costs while pay increases are tied to employee productivity and companies focus more on performance-linked variable pay and defining pay grades. In decline, emphasis shifts to reward and recognition for performance improvement and gradually lowering pay while exploring intangible benefits and flexibility.

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    How to Align Reward Strategy

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    To attract talent in the pioneering growth phase, companies aggressively position pay above market average and minimize cash payouts by emphasizing long-term payment plans and an augmented benefits scheme tied to tenure. In the mature phase, base pay rates are set below market average to contain costs while pay increases are tied to employee productivity and companies focus more on performance-linked variable pay and defining pay grades. In decline, emphasis shifts to reward and recognition for performance improvement and gradually lowering pay while exploring intangible benefits and flexibility.

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    © All Rights Reserved
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    2 views2 pages

    How To Align Reward Strategy

    Uploaded by

    NVD
    To attract talent in the pioneering growth phase, companies aggressively position pay above market average and minimize cash payouts by emphasizing long-term payment plans and an augmented benefits scheme tied to tenure. In the mature phase, base pay rates are set below market average to contain costs while pay increases are tied to employee productivity and companies focus more on performance-linked variable pay and defining pay grades. In decline, emphasis shifts to reward and recognition for performance improvement and gradually lowering pay while exploring intangible benefits and flexibility.

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    © All Rights Reserved
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    of 2

    Align reward strategy

    PIONEERING GROWTH MATURE DECLINE

    Increase emphasis
    Increase focus on Base pay rates set
    on reward and
    Aggressive pay performance- below market
    recognition
    positioning to linked variable pay average to contain
    performance
    attract talent costs; pay
    improvement plan
    Define pay grades, increases
    for non-
    Minimize cash pay- positioning, etc commensurate
    performance;
    out, attract with with employee
    gradually explore
    long-term payment Long-term productivity
    lower-pay
    plans incentive plan
    positioning
    restricted to key Increased focus on
    Augmented benefit talent intangible benefits
    scheme with and emphasis on
    tenure-based tie-in Discretionary flexibility
    benefit offerings
    minimized

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