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Thursday 4 April 2013

Developing a Reward Strategy t

Developing a quit Strategy that Delivers Sh atomic number 18holder and Employee Value                   The immature Competitive Context:         Today business faces the biggest and most baffling times ahead. With the ever changing moods and directions that business is taking close daily, it is impossible to have a strategy set in place. There is no true one way of doing things and it is near impossible to say that one strategy is the way to go. discerning this the truly successful companies will be the ones who: Are relate to their suppliers, Global, Cross-functional, Built around knowledge workers and organize with a capacitor for continuos change. With these guidelines set in place it is important to realize how to progress a militant advantage. This is accomplished by innovation in technology, speed to market and creating customer value.

        Human big(p) is the underlying to competitive advantage. It is only when the employee truly has his own goals set in motion that gives the company the true advantage that cannot be interpreted away unless your employees are acquired by other companies. Human Capital is a combination of employee capabilities and their commitment.

        An Aligned HR System Is The list:         An organization has various levers for developing Human Capital into competitive advantage as shown in queer1. These must be correctly integrated to work.

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Doing What has worked in the past will only mavin to complacency. This figure demonstrates how to develop a working culture. A culture designed to work faster, communicates more efficiently and gives a focused joint effort as a goal. Exhibit 2 presents a model for developing an integrated Hr approach to creating both shareholder and employee value         Reward Systems:         Reward systems are a crucial part of this development. This aids in behavioral modification and creates drive and performance. Some negative aspects of rewards are that...

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