The Role of the CHIEF HUMAN RESOURCES OFFICER by Dave van Eeden

Author:Dave van Eeden [9781869225131]
Language: eng
Format: epub
ISBN: 9781869225131
Published: 2014-11-01T00:00:00+00:00

Figure 10.2: Industry maturity or product life cycle

Table 10.2: Common approaches to reward and remuneration in each life cycle stage

Embryonic

Growth

Mature

Aging

• Less emphasis on salary, benefits and perks

• Attention to share options and long-term incentives

•

• Continued emphasis on long-term incentives, with increasing attention to ways to promote short-term results

• Catch up with salary and benefits

• Most attention focused on keeping salary and perks competitive

• Reduced concern for long-term incentives

• Bonuses oriented to boosting productivity

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