MHR 749 Chapter Notes - Chapter 2: Whole Food, Whole Foods Market, Sas Institute
Document Summary
Lo1: explain why managers should tailor their pay systems to support the organization"s strategy. Pay strategy looks at employee total well being. Earn well above what competitors would offer. Merrill lynch [attract, motivate and retain the best talent] This aggressive behaviour seen to be the cause of too much risk taking, unethical behavior from managers and the economic meltdown of 2008. Google, microsoft & sas compete for software engineers and software professionals: microsoft started off with offering employees less base pay when stock value was increasing exponentially. When stocks weren"t doing as well, offered more base and bonus pay compared to competitors: sas institute emphasizes work/life programs over cash compensation with limited bonuses and no stocks. Offer employees on-site medical benefits and discourage more than 35 hours of work a week. Different competitive conditions, strategies and compensation within different business units.