To read this content please select one of the options below:

Aligning rewards to organisational goals – a multinational’s experience

John Stredwick (John Stredwick is Senior Lecturer at Luton Business School, University of Luton, UK.)

European Business Review

ISSN: 0955-534X

Article publication date: 1 February 2000

8914

Abstract

This article examines some of the recent innovations in rewarding employees arising from the changing needs of organisations in a competitive global economy. The necessity for reward strategy to be congruent with business objectives and the consequent movement towards greater flexibility and variability are considered together with the important and growing concept of broad‐banded basic pay systems. A case study is described of a multinational pharmaceutical company which has travelled down some of these routes, changing from a centralised and over‐rigid pay control system to one that more closely meets the requirement of the European marketplace.

Keywords

Citation

Stredwick, J. (2000), "Aligning rewards to organisational goals – a multinational’s experience", European Business Review, Vol. 12 No. 1, pp. 9-19. https://doi.org/10.1108/09555340010307512

Publisher

:

MCB UP Ltd

Copyright © 2000, MCB UP Limited

Related articles