Compensation CMS Chapter 1

Rus Saf
Mind Map by Rus Saf, updated more than 1 year ago
Rus Saf
Created by Rus Saf about 5 years ago
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Mind Map on Compensation CMS Chapter 1, created by Rus Saf on 11/23/2014.
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Compensation CMS Chapter 1
1 5 Major Stakeholders
1.1 Societal
1.2 Stockholders
1.3 Managers
1.4 Employees
1.5 Global
2 Total Rewards
2.1 Relational Returns
2.1.1 Recognition and Status
2.1.2 Employment Security
2.1.3 Challenging Work
2.1.4 Learning Opportunities
2.2 Total Compensation
2.2.1 Benefits
2.2.1.1 Life, Health, Disability Insurance
2.2.1.2 Work/Life Programs
2.2.1.3 Allowances
2.2.2 Cash Compensation
2.2.2.1 Base Pay
2.2.2.2 Merit/Cost of Living
2.2.2.3 Short-Term Incentives
2.2.2.4 Long Term Incentives
2.2.3 Steps In Developing Total Strategy
2.2.3.1 Assess Total Compensation Implications
2.2.3.2 Decide on a Total Compensation Strategy
2.2.3.3 Impliment Strategy
2.2.3.4 ReAssess Fit
3 Strategic Policies
3.1 Internal Alignment
3.2 External Alignment
3.3 Employee Contributions
3.4 Management
4 Strategic objectives
4.1 Efficiency
4.1.1 Improving performance, quality, satisfaction
4.1.2 Control Labour Cost
4.2 Fairness
4.2.1 Recognizing Employee Contributions
4.2.2 Recognizing Employees Needs
4.3 Compliance
5 Pay Model
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