Article 5.4. Shaping the future research agenda for compensation and benefits management: some thoughts based on a stakeholder inquiry (Baeten Xavier, 2014)

Question 1

Future research on rewarding should be on… (4)

Answer 1

1. Further insights in employee perspectives towards regarding.
2. Broadening the scope of total rewards.
3. The impact of different facets of the external environment.
4. Reward processes and procedures.

Question 2

Stakeholder opinions and needs about compensation and benefits (European context):

Answer 2

• Line managers: reward systems are not effective for attracting and retaining employees, and realizing organization’s strategic objectives.
• Employees: satisfied with benefits and non-financial rewards, not satisfied with financial rewards and the way reward systems are operated: information they receive, consistency of pay systems, and the way salary increases are determined.
• Compensation and benefits professionals: need more input and research on reward communication, ageing of the population, impact of the economic situation, and flexible rewards.

Question 3

Choices of the reward strategy are based on…

Answer 3

1. Market position.
2. Reward mix (occurance and importance of different reward instruments).
3. Reward criteria (what drives base pay, bonus, and benefits - individual performance, team performance, competencies, etc.).
4. Reward governance (e.g. role of line management and communication on rewards).

Question 4

Total reward package is based on…

Answer 4

1. Motivational power.

2. Alignment with the strategy, culture, structure, and HR policies.