To recruit and retain sufficient employees with the right skills It discourages staff from working overtime, as it wishes to avoid paying overtime rates. It recruits employees with low skills, and pays low wages. The US supermarket group Walmart competes on low cost. In an organisation that has a strategy of cost leadership, a simple reward scheme offering fairly low wages may be appropriate as less skilled staff are required, new staff are easy to recruit and need little training, so there is less incentive to offer generous rewards. If a strategy of differentiation is chosen, for example, staff may receive more generous benefits, and these may be linked to achieving certain skills or achieving pre determined targets. At the strategic level, the reward scheme must be consistent with the strategy of the organisation. The reward scheme should support the organisation’s goals.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |