Provided by: HR.Com
Date Added: Jan 2003
Article provides a brief history of total pay of the employee, pay and reward practitioners preparing executive briefings and recommendations commonly ask for a 'chronology of pay and rewards' to include with their management recommendations. It defines total pay design that should be considered while compensating the employee for his work done like entitlement period, scarce talent and "Best Places to Work" period, the "New" workforce deal period, "Reengineering" and "Rightsizing" period etc. The information gathered from these topics help to set the pay scale.