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Pay and its importance in management |
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Pay systems or reward systems are considered by many managers to be the most important management tool. If they have problems with their employees, they usually think it is the reward system that is responsible for all evil in the company. In our tool Organizational DNA we verify the employees perception of 16 aspects of functioning of their organization. In 99% of organizations the reward system is considered the weakest system. Very often they do not complain about the level of their salaries but the distribution justice and rules of calculating the salary. I would say the pay system reflects the thinking of managers about their people. Do they treat them as resources or human beings. Most people want to do important things in their life. They want to have impact on what is the world like. In most cases they do not realize how good or bad their company is. So in practice the work on the reward system should start with the work on strategy. Reward system is a logical consequence of circumstances, business assumptions and strategies.
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