SOCSCI 2HR3 Lecture Notes - Lecture 8: Cost Leadership, Total Rewards, Canadian Tire
Document Summary
Assignment: key skills, what team your talking about, not enough detail, accessibility. Chapter 11 strategic pay plans (aka total rewards you get more out of a job than just a pay. Cost leadership they will not get much money. Three companies want to get an oil change you have a choice between canadian tire they are focus strategy. Compensation philosophies: entitlement philosophy, assumes that individuals who have worked another year are entitled to pay increases, with little regard for performance differences, pay-for-performance philopshy, requires that compensation changes reflect individual performance differences. Total awards it is not direct pay and you are getting paid for it. you are performing a service, and you are getting pay. Everyone gets indirect pay if you are working there is a indirect pay. There are other things that you will get by law. Non- financial is what you are looking for if you want a career and you want to be recongized.
