MHR 523 Lecture Notes - Lecture 8: Interactional Justice, Organizational Commitment, Total Rewards
20 Feb 2017
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Implications for rewards on workplace as a whole: distributive justice (dj) - who gets what, procedural justice - how dj is decided. Interactional justice how decisions about dj and pj are communicated. Company with 3 plant locations need to introduce a 15% pay cut for 10 weeks. Plant a- 15% cut with inadequate explanation. Plans: pay for performance, link incentives to activities that engage employees. 5 components of total rewards: compensation, benefits, work-life programs, performance and recognition, development and career opportunities. Strategic importance of benefits: pay on termination of employment, recall that benefits make up an important part of total compensation. They may include supplementary health and life insurance, vacation, pension plans, education plans and discounts on. Government mandated benefits: important distinction between mandatory and voluntary benefits . Employee insurance: reasonable notice, note: does not apply when just cause for termination has been. Canada/quebec pension plan (c/qpp: old age security (not dependent on employment, ontario retirement pension plan (orpp)
