To attract and retain good staff, the Inland Revenue Authority of Singapore (IRAS), winner of the 2011 Singapore Business Excellence Award, ensured its total rewards package was relevant, competitive and balanced. The wage structure comprised a fixed wage and a variable component sizeable enough to allow for quick adjustments in response to changes in business conditions. The remuneration policy was designed to pay salaries competitive with similar jobs in the market. Annual salary benchmarking ...
BPIR Categories9.5.5 Manage reward & recognition programs
9.4.4 Develop & manage employee orientation programs
9.5.1 Develop performance management approach