Special report: rewards and incentives

Citation

Huff, C. (2008), "Special report: rewards and incentives", Human Resource Management International Digest, Vol. 16 No. 2. https://doi.org/10.1108/hrmid.2008.04416bad.002

Special report: rewards and incentives

Article Type: Abstracts From: Human Resource Management International Digest, Volume 16, Issue 2.

Special report: rewards and incentives

Huff C. Workforce Management (USA), 24 September 2007, Vol. 86 No. 16, Start page: 25, No. of pages: 6

Purpose looks at how US multinationals can handle rewards and incentives, discussing how to manage recognition globally while tailoring rewards to suit local interests and values. Design/methodology/approach quotes the experience of Dow Chemical, MGM Grand, Scooter Store and Reuters of developing global reward and recognition programs that are sufficiently flexible to meet local needs. Draws on advice from major US staffing firms, such as Randstad, and human resource researchers and academics, to identify the issues that need to be considered, including how to address cultural differences. Findings stresses that the methods used to recognize and reward employees need to be customized to make sure that they work in a particular country but that the overall strategy and its monitoring needs to be set centrally and handled carefully. Originality/value advises on developing a global rewards and incentives scheme.ISSN: 1092-8332Reference: 36BC011

Keywords: Incentives, Reward pay, Multinationals