Forget about those standard reward practices

REWARD MANAGEMENT

Forget about those standard reward practices

Compensation design across corporate America is in flux. Every element -- base salaries, merit increases, short- and long-term incentives -- is under discussion, according to a recent edition of the US human resources magazine Workforce Management.

The context for this experimentation is the flexibility provided by relatively soft labour markets and diminished employee expectations. Fay Hansen, the author of the Workforce report, writes: "Standard practices have splintered into highly customised and constantly changing compensation programmes, designed to boost output within the confines of flat salary budgets."

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Title: "A new way to pay?", by Fay Hansen, Workforce Management, 24 October 2005.

Availability: Workforce Management magazine is published monthly. For subscription services, tel: 001 313 446 0450 (USA: 888 448 1422). For editorial enquiries contact the online editor John Hollon, email: jhollon@workforce.com

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Take a look at the article online -- see what you think www.workforce.com/section/02/feature/24/19/81/index.html

Posted 13 January 2006