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Changing the compensation program aligned with the organization's strategic shifts by reinforcing new priorities and behaviors that were essential for growth and competitiveness. For example, if the organization shifted towards a more performance-driven culture, adjusting compensation to reward individual and team achievements would encourage accountability and innovation. Additionally, aligning compensation with market trends could attract and retain top talent, supporting the overall strategic goal of enhancing workforce capability. This holistic approach ensures that employee incentives are directly linked to the organization's evolving objectives.
What else can I help you with?
What is strategic compensation?
http://www.business-intelligence.co.uk/reports/strat_comp/summary.asp
What has the author Joseph J Martocchio written?
Joseph J. Martocchio has written: 'Employee benefits' -- subject(s): Compensation management, Employee fringe benefits 'Research in Personnel and Human Resources Management, Volume 25 (Research in Personnel and Human Resources Management)' 'Strategic compensation' -- subject(s): Compensation management
What has the author Jonathan Trevor written?
Jonathan Trevor has written: 'Can pay be strategic?' -- subject(s): Compensation management, Wage payment systems, Case studies
What are the barriers of strategic human resource management?
Barriers to strategic human resource planning include inconsistent behavior, failure to implement new plans, and trouble competing with opponents. Strategies by human resource management must be consistent and effective for successful implementation.
Are Odysseus actions in dealing with the suitors consistent with his action in earlier episode of the epic?
Yes, Odysseus' actions in dealing with the suitors are consistent with his cunning and strategic nature that is displayed throughout the epic. From devising plans to outsmart his enemies to using disguises to gather information, Odysseus consistently demonstrates his intelligence and resourcefulness in overcoming challenges.
Induced strategic behavior?
Induced strategic behavior is a top-down process that link current strategy and structure to create innovation intertwined with that strategy and structure. This form of venturing filters strategy a structural hierarchy and results in internal innovation that is highly consistent with the firm's current strategy.
Why are job descriptions and job specifications important to HR planning?
They are important to the strategic planning of the human resources management because they help with there recruitment, selection, training, evaluation, compensation/benefits, and separation. C. Jenkins
How do you align remuneration and business strategy What are the main factors involved when aligning remuneration to business strategy?
Aligning remuneration with business strategy involves ensuring that compensation structures support the organization's goals and motivate employees to achieve desired outcomes. Key factors include clearly defining performance metrics that reflect strategic objectives, ensuring equity and competitiveness in compensation packages, and fostering a culture of accountability and reward for results. Additionally, regular assessments and adjustments are necessary to adapt to changing business environments and strategic shifts.
Are Odysseus' actions in dealing with the suitors consistent with his actions in earlier actions?
Yes, Odysseus' actions in dealing with the suitors are consistent with his cunning and strategic nature that he displayed throughout his journey in the "Odyssey." From devising plans to outsmart his enemies to using his wit and disguises, Odysseus remains true to his character as a resourceful and clever hero.
Why is oil a strategic commodity?
A strategic commodity is considered to be very important. This is a resource that is important to a country that a country will go to any extent to ensure its consistent supply. A good example is oil which is used in every industry that you can think of.
What is an strategic liability?
A strategic liability is a liability that is strategic.
Definition of human capital management?
· The development of all labor-related issues that impact a firm's strategic and operational objectives, including: the employment of people; the development of resources; and the utilization, maintenance, and compensation of their services aligned with the job and organizational requirements.
