tailieunhanh - Strategic Cultures of Transformative Organization_3

Tham khảo tài liệu 'strategic cultures of transformative organization_3', khoa học xã hội, kinh tế chính trị phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | Table Innovative Trends in Compensation Practices in India Study 2 Compensation Strategic Choice 1 Public Sector Undertakings _ _ _ 2 Private Corporate Sector Private Corporate Sector ITransformative skills-driven Innovative Compensation and Rewards Systems ICRS Trends Gaining Acceptance Internal Alignment None None None External Competitiveness Greater focus with Greater focus with Use of lead policy matching policy matching policy Increased use of consultants for wage benefits survey and compensation clubs Employee Contributions Modest increase in Increased use of training Increased use of variable variable pay development for core employees pay Increased use of variable Increased use of stock pay options Innovative benefits Extensive use of innovative . foreign assignments benefits . gyms quiz bowls etc. Proposed Expected Innovations to Transform CRS to Create Superior Employment Relationships Internal Alignment Along with job-based Along with job-based Use of skill-based pay pay system also focus pay system also focus on firm-specific skills on firm-specific skills External Competitiveness Wage benefits survey Wage benefits survey Hybrid policy Match or lead policy Match or lead policy Contd. i 136 TRANSFORMATIVE ORGANIZATIONS Table Contd. Compensation Strategic Choice Public Sector Undertakings Private Corporate Sector2 Private Corporate Sector Transformative skills-driven Employee Contributions More focus on performance and accountability Extensive use of innovative bonus benefits . gyms quiz-bowls Increased use of team-based bonuses innovative benefits Increase in the variable pay component Increased use of stock options Pay policies embedded with other HR organizational processes Administration Openness Open decentralized system Open decentralized system Intended Impact on Employment Relationships Contract Type Unbalanced overinvestment to balanced Toward mutual investment contract Unbalanced overinvestment underinvestment to balanced .