8. Reward Strategies
• Certification
sponsorships- like Six
Sigma, Black belt, green
belt.
• Good Growth Plan.
• Star of the Month
• Star of the Quarter
• Spot Recognition
• Team of the Month
• Team of the Quarter
• Quality Champion
• Best Employee Award
9. Changes
New actions/goals Traditional Programs of
declining value
Emphasis on employee
engagement in health, energy, Legacy compensation programs
employer strategic goals (longevity, shift, overtime, PAT
vacation)
Skill and Knowledge
Attainment Non-consumer engaged
employee health benefits
Flexibility in work schedules
Paper-based delivery of
Emphasis on total services
compensation
Compensation based on service
Compliance rather than skills and
Productivity through business performance
simplification and technology
10. Emerging Trends
Compensatory trends differ with age
Different generations, different needs:
Is compensation driven by gender ?
Compensation v/s benefits
Flexible compensation, the key to employee satisfaction
ESOP – A step towards motivation
Work life balance