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Compensation CMS Chapter 1

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Mind Map on Compensation CMS Chapter 1, created by Rus Saf on 23/11/2014.
Rus Saf
Mind Map by Rus Saf, updated more than 1 year ago
Rus Saf
Created by Rus Saf about 10 years ago
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Resource summary

Compensation CMS Chapter 1
  1. 5 Major Stakeholders
    1. Societal
      1. Stockholders
        1. Managers
          1. Employees
            1. Global
            2. Total Rewards
              1. Relational Returns
                1. Recognition and Status
                  1. Employment Security
                    1. Challenging Work
                      1. Learning Opportunities
                      2. Total Compensation
                        1. Benefits
                          1. Life, Health, Disability Insurance
                            1. Work/Life Programs
                              1. Allowances
                              2. Cash Compensation
                                1. Base Pay
                                  1. Merit/Cost of Living
                                    1. Short-Term Incentives
                                      1. Long Term Incentives
                                      2. Steps In Developing Total Strategy
                                        1. Assess Total Compensation Implications
                                          1. Decide on a Total Compensation Strategy
                                            1. Impliment Strategy
                                              1. ReAssess Fit
                                          2. Strategic Policies
                                            1. Internal Alignment
                                              1. External Alignment
                                                1. Employee Contributions
                                                  1. Management
                                                  2. Strategic objectives
                                                    1. Efficiency
                                                      1. Improving performance, quality, satisfaction
                                                        1. Control Labour Cost
                                                        2. Fairness
                                                          1. Recognizing Employee Contributions
                                                            1. Recognizing Employees Needs
                                                            2. Compliance
                                                            3. Pay Model
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