Greater sensitivity to sector and functional market practice to enable more effective market positioning to help with attracting and retaining high caliber employees.
The implementation of increasingly focused performance awards starting at the top and working down through organizations as performance orientation increases.
Pay increases linked to market worth and individual or team performance-not service and/or cost of living.
More attention given to achievement or success-oriented individual bonuses rather than payment increases in base pay.
A move towards team pay as the importance of teamwork increases.
More flexible pay structures based on job families and using broader pay bands or pay curves.
More integrated pay structures covering all categories of employees.
A growing linkage between pay practice and training and development initiatives through the design and implementation of skills and competency based pay processes which reward the acquisition and use of new skills and behaviors.
The development of integrated performance management systems with the emphasis on coaching development, motivation and recognition through the identification of opportunities to succeed.
A search for simpler and more flexible approaches to job evaluation which enable a move away from the control of uniformity to the management of diversity. This will make use of techniques such as job family modeling and computer assisted job evaluation.
Increased awareness of the need to treat job measurement as a process for managing relativities which, as necessary, has to adapt to new organizational environments and much greater role flexibility and can no longer be applied rigidly as a system for preserving existing hierarchies.
More emphasis on the choice of benefits and ‘clean cash’ rather than a multiplicity of perquisites.
Greater creativity and sensitivity in benefit practice.
Purpose and Aim