Compensation Strategy changes benefit from employee involvement

In the late 1990's, Microsoft Corporation, a US software developer, recognised a need to improve and update its reward offering to deal with recruitment and retention issues. The company set out to implement a new compensation strategy and identified: 1) the value employees placed on rewards; 2) whether these were consistent across all groups; and 3) how employees reacted to various options of consolidated reward packages. The cost-benefit of different reward options to determine which would yie...

BPIR Categories

9.5.4 Develop & manage base & variable compensation
9.10.1 Retain human capital