Post on 30-Jul-2016
description
To attract, retain, and motivate the right people,
in the right place, at the right
timeWhat should be Rewards’ strategy?
PURPOSE
11
What difference in pay (if any) between a job in USA and China?
Questions
How would you reward performance? Based on individual, team or company results?
What should be Rewards’ strategy?
ANNUAL PAY ANALYSIS
Understand jobsReview job descriptions
Select data sourcesIndustry; general; recruiter’s
Define labor market
Enterprise and country level
Steps marked with “?” will be discussed here
Match JobsContent and Context
Action PlanSalary ranges; merit budgets; upgrades
Analyze resultsCompare across
areas/levels; previous years
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Data SourcesGeneral Market;
High TechCable
Programmers / Broadcast Networks
General Market most experienced and recognized pay source
in Latin America
Creative, Media, and Advertising
USA nationwideSouth Florida
Miami Fort Lauderdale
USA NationwideSouth FloridaBrazil (2015)
Mexico (2015)
Argentina BrazilMexico
Venezuela
ArgentinaBrazil
Mexico
500+ Participants
40+ Participants 300+ Participants
20+ Participants
USA Department of Justice and Federal Trade Commission regulates salary survey providers to limit their exposure to liability to anti-collusions laws. These providers follow rigorous methodology (ies) to capture, analyze and report market results, while maintaining strict confidentiality of each participant’s data.
Tied to results Re-earned each period
Incentive
When would you offer long-term incentives (> year)?
Incentive