Remuneration and Reward System: Assessment on a Financial Institute - Softcover

Wondimu, Mahlet

Softcover

ISBN 10: 3659159131 ISBN 13: 9783659159138

Verlag: LAP LAMBERT Academic Publishing, 2012

Inhaltsangabe

Rewards commune the value that organizations place on their employees. To convey the proper messages, remuneration objectives and strategies should be aligned with the overall business strategy of the organization. Knowing alignment will enable organizations to deliver the right type of rewards to the right people, at the right time, and for the right reasons. The best way the organization can deliver the correct reward, is to implement a total reward system together with a total pay system. Effective total pay system covers base pay, skills and competency pay, variable performance pay, recognition, and benefits. Total reward system cover investment in people, development and training, performance management, and career management. Therefore, to motivate and retain employees, and to improve organization’s profitability, a right mix of total pay and total rewards should be made available to employees as employees’ needs differ.

Über diesen Titel

Über die Autorin bzw. den Autor

EducationB.A. in Administrative Management and Technology Systems from Addis Ababa UniversityM.A. in Human Resource Management from Addis Ababa UniversityAnd member of Ethiopian IT Professionals Association (EITPA)

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2012
• Sprache: Englisch
• ISBN 10: 3659159131
• ISBN 13: 9783659159138
• Einband: Taschenbuch
• Anzahl der Seiten: 112
• Kontakt zum Hersteller: preigu GmbH & Co. KG; mail@preigu.de; ; Lengericher Landstr. 19; Osnabrück; Niedersachsen; 49078; Deutschland