In the annual conference of IPD Compensation, the head of compensation and benefits at Glaxo-Wellcome reported that the company was moving towards a reward system that, while taking market rates into account, pays people according to their level of competence. The firm also claimed to be aiming to introduce a system where about 85% of pay is fixed; leaving 15% for a bonus based on output. The conference also saw the launch of IPD research into team-based pay, a practice that is predicted to beco...
BPIR Categories9.5.4 Develop & manage base & variable compensation
9.5.2 Manage team performance
9.5.1 Develop performance management approach