Total Rewards and Compensation,Total Rewards Monetary and non-monetary rewards used to attract, motivate, and retain employees Rewards System Strategic Objectives Legal compliance Cost effectiveness Internal and external equity for employees Recognizing contribution to maximize performance and manage talent,qq群发 http：/,1,Compensation Approaches,2,Total Rewards Components,3,Compensation Philosophies,4,HR Metrics for Compensation,5,Typical Division of HR Responsibilities: Compensation,6,Compensation System Design Issues,Fairness Internal Equity Procedural Distributive Interactional External Equity Privacy Transparency,7,Market Competitiveness and Compensation,Lead the market Meet the market Lag the market,8,Compensation Quartile Strategies,9,More Compensation System Design Issues,10,More Compensation System Design Issues,11,Possible Components of Global Employee Compensation,12,Legal Constraints on Pay Systems,Minimum wage Child labor Exempt vs. nonexempt status Overtime,13,Exempt Status Under the FLSA,14,Compensation for Overtime Work,15,Legislation Affecting Compensation,16,Compensation Administration Process,Pay Structure Pay grades Pay ranges,17,Valuing Jobs with Job Evaluation Methods,Job Evaluation Means used to identify the relative worth of jobs within an organization. Compensable Factor Job value common among a group of jobs. Something for which an organization chooses to compensate an employee.,18,Examples of Compensable Factors for Different Job Families,19,Job Evaluation Methods,20,Job Evaluation Methods,Point method Ranking method Classification method Factor-comparison method,21,Valuing Jobs Using Market Pricing,Market Pricing Using market data to identify the relative value of jobs based on what other firms pay for similar jobs.,22,Pay Surveys,Collection of data on compensation rates for workers performing similar jobs in other organizations. Benchmark Jobs Jobs found in many organizations. Internet-Based Pay Surveys,23,Pay Structures,Job Family Group of jobs with common organizational characteristics. Common Pay Structures Hourly and salaried Office, plant, technical, professional, managerial Clerical, information technology, professional, supervisory, management, and executive Pay Grades Groupings of individual jobs having approximately the same job worth.,24,Compensation Administration Process,25,More on Pay Structures,Market Banding Grouping jobs into pay grades based on similar market survey amounts. Market Line Shows relationship between job value as determined by job evaluation points and job value based on pay survey rates. Shows distribution of pay for surveyed jobs Linear trend line to be developed by the least-squares regression method.,26,Market-Banded Pay Grades Example (Bank),*Computed by averaging the pay survey summary data for the jobs in each pay grade.,27,Example of Pay Grades and Pay Ranges,28,Pay Ranges,Broadbanding Using fewer pay grades having broader pay ranges that in traditional systems. Benefits Encourages horizontal movement of employees Is consistent with trend towards flatter organizations Creates a more flexible organization Encourages competency development Emphasizes career development,29,Individual Pay,Rates Out of Range Red-Circled Employee An incumbent (current jobholder) who is paid above the range set for the job. Green-Circled Employee An incumbent who is paid below the range set for the job. Pay Compression Pay differences among individuals with different levels of experience and performance in the organization are reduced.,30,Pay Adjustment Matrix,Compa-ratio The pay level divided by the midpoint of the pay range.,89,31,Standardized Pay Adjustments,32,1、有时候读书是一种巧妙地避开思考的方法。20.10.1420.10.14Wednesday, October 14, 2020 2、阅读一切好书如同和过去最杰出的人谈话。11:30:4611:30:4611:3010/14/2020 11:30:46 AM 3、越是没有本领的就越加自命不凡。20.10.1411:30:4611:30Oct-2014-Oct-20 4、越是无能的人，越喜欢挑剔别人的错儿。11:30:4611:30:4611:30Wednesday, October 14, 2020 5、知人者智，自知者明。胜人者有力，自胜者强。20.10.1420.10.1411:30:4611:30:46October 14, 2020 6、意志坚强的人能把世界放在手中像泥块一样任意揉捏。2020年10月14日星期三上午11时30分46秒11:30:4620.10.14 7、最具挑战性的挑战莫过于提升自我。2020年10月上午11时30分20.10.1411:30October 14, 2020 8、业余生活要有意义，不要越轨。2020年10月14日星期三11时30分46秒11:30:4614 October 2020 9、一个人即使已登上顶峰，也仍要自强不息。上午11时30分46秒上午11时30分11:30:4620.10.14 10、你要做多大的事情，就该承受多大的压力。10/14/2020 11:30:46 AM11:30:462020/10/14 11、自己要先看得起自己，别人才会看得起你。10/14/2020 11:30 AM10/14/2020 11:30 AM20.10.1420.10.14 12、这一秒不放弃，下一秒就会有希望。14-Oct-2014 October 202020.10.14 13、无论才能知识多么卓著，如果缺乏热情，则无异纸上画饼充饥，无补于事。Wednesday, October 14, 202014-Oct-2020.10.14 14、我只是自己不放过自己而已，现在我不会再逼自己眷恋了。20.10.1411:30:4614 October 202011:30,谢谢大家,