BPIR Categories
9.5.4 Develop & manage base & variable compensation9.5.5 Manage reward & recognition programs
To better control compensation costs a US Wholesaler changed its policy of giving every employee approximately the same annual increase. The company widened its range of merit increases to better reflect performance, reduced increase percentages and used lump-sum merit pay-outs for employees at the top of their range. An unexpected benefit was that more money…
9.5.5 Manage reward & recognition programs
9.5.5 Manage reward & recognition programs