hr-it'2013. Леся Бобык. Доклад "Компенсационные пазлы...
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HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"TRANSCRIPT
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Compensation PUZZLES in IT
Lesya Bobyk, HR Director at SoftServe Inc, For HT IT Conference
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What wakes your company CEO
up at night?
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MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF- ACTUALIZATION
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MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF- ACTUALIZATION
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MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF- ACTUALIZATION
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Wage Salary
Reward
Compensation
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Reward System
Intrinsic Rewards
Extrinsic Rewards
Nonfinancial Financial
Direct Compensation
Base Wage/Salary
Merit & Incentives
COLA ( or CCA)
Indirect Compensation
Day-offs/Vacation
Protection programs
Employee Services &
Perks
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Wage & Salary
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Factors Influence Wage and Salary Structure
Organization’s ability to pay Supply and demand for labor Prevailing market rate Cost of living Job requirements Managerial attitudes Psychological and sociological factors
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Salary Determination Process St
ep 1
Job Description
Step
2
Job Evaluating
Step
3
Salary Market Analysis
Step
4
Salary Structure
Step
5
Salary Payment
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Wage & Salary
Concept
Performance Based
Grades Based
Competency Based
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Wage and Salary Review Process
Monthly Salary Review Meeting
Employee’s Salary
Line Manager
Employee Career Advisor
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Wage and Salary Review Process
Salary Review Rules
Employee’s
Salary
Salary Review Reason
Next Salary Review Steps
Salary Ranges
Frequency
% Increase
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Wage and Salary Review Process
Salary Communication Rules
Why!
How much!
Why! Next
Steps!
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Merit & Incentives
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Short Term
• Technical Interviewer
• Internal Trainer
• Competency Expert
• Referral Bonus
• etc
Long Term
• Performance Bonus
• Profit Sharing
• Stock Options
• Period of Services
• etc
M&I Category
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Individual Managerial Corporate
Piece Rate Gain Sharing Profit Staring
Bonuses Quality Improvement ESOP
Special Recognition Cost Reduction Deferred Compensation
M&I Levels Difference
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Key Compensation Metrics
• % Salary of Revenue • Average Salary • Above Salary Ranges
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Company-Related Outcomes
Forecasting ability Workforce flexibility Increase effectiveness of work teams Increase employee’s output per month Career-enhancement opportunity
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HR-Related Outcomes
Job evaluation needs endorsement from management Compensation policy education Periodical policy review Take feedback from people
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People do what they do to satisfied their needs
Long term security vs. sudden higher $sum
What you see is not what you get
As you sow, so you reap
To the End
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