Download Paper Author: Alinne Rosida Djumhana, Rifki, Iyan Muhsinin Reward Strategy is a crucial element of company culture and competitiveness in winning the best talent. However, in practice, there are two factors that hinder the implementation of reward strategies, especially in Indonesia. Firstly, reward strategies often revolve around following market salary surveys, which is not …
Do Your Employees Value Your Total Reward? Employees felt they were not paid competitively and that the bonus opportunities available to them were not incentivizing. Companies spend a lot of time and money developing the total rewards program. Regardless their effort though, employees did not feel their reward programs were motivating. So, What Your Company …
TOTAL REWARDS PHILOSOPHY: CRITICAL TOOL TO ENGAGE EMPLOYEES Selengkapnya »
People are the most valuable asset of any business, but they are also unpredictable and difficult to manage. Since humans are complicated, managers or employers often feel that to set people to behave a particular way is beyond their control. First thing first, we need to know about: What Employers are Paying for? Employers are …
Basically, employee reward is what the company gives to its employees. Employee reward which include in labor costs can account for as much as 70% of total business costs, include employee wages, benefits, payroll or other related taxes (Paycor, 2020). Labor cost percentage range between 20 to 35 percent of gross sales. Percentages vary from …