Possible Pitfalls, Global Rewards, Evaluation, and Metrics
Objectives:
After completing this week, you should be able to:
1. Identify some of the possible pitfalls of implementing, communicating, and measuring a total rewards approach to compensation management.
2. Describe some of the cultural, legal, and country-specific practices important in designing total rewards for global companies.
3. Explain how evaluation and metrics are designed for successful alignment with organizational strategies and goals.
Read:
1. Module 5 Possible Pitfalls, Global Rewards, Evaluation, and Metrics (found below)
2. HRmetrics (2006). Staffing Metrics – Recruiting Cost Ratio (RCR). Retrieved from:
http://www.humanresourcemetrics.org/recruiting_cost_ratio.html