#31 Fundamentals and Strategies of Base Pay

04/22/20 • 27 min

Pay grades, pay structures and pay bands Base pay could be seen as a kind of flat rate. It mainly becomes relevant when it comes to attracting and retaining people. While most companies share a common approach on how to manage compensation with pay structures there still are various strategic decision to be made. You'll find all slides here: https://armintrost.de/en/professor/digital/human-resources-strategies/

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#30 Meanings and Effects of Remuneration

Fairness, Motivation, social Dynamics and Acquisition Remuneration is not only about financials. It’s a social and psychological matter. When thinking about compensation system, four themes are to be taken into consideration: fairness, motivation, social dynamics and acquisition. All slides of the entire series can be downloaded here: https://armintrost.de/en/professor/digital/human-resources-strategies/

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#32 Does Pay for Performance really motivate?

Intrinsic motivation and extrinsic rewards Contingent pay could either increase or decrease employees’ motivation. It is an oversimplified and often wrong idea about money being a motivator only. Often rewards could even do harm. Whether or not money motivates heavily depends on the nature of the task. You'll find all slides here: https://armintrost.de/en/professor/digital/human-resources-strategies/