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Mémoire
Bachelor thesis

Compensation and benefits policy design and implementation : a company’s key to success

    2020

65 p.

Mémoire de bachelor: Haute école de gestion de Genève, 2020

English Compensation and Benefits (C&B) plays an important role in today’s competitive world whilst aspects relating to employee wellness are also being given increasing consideration by employers. Given the importance of this matter, this thesis explores the elements that need to be considered by Executive and Human Resources Management when designing an effective C&B policy. When well designed, a C&B policy is a powerful tool used to attract, motivate and retain employees. The case of a fictitious company is presented to demonstrate the application of the theoretical aspects of C&B to a real-world scenario. As a C&B policy is specific to each organization, it is important to consider, analyze and review all aspects which could have material influence. Some of these aspects are related to the company's DNA, workforce demographic, economic trends, exogenous factors like the current global health crisis (Covid-19) and peer group salary practices. When defining the C&B policy, and in order to measure its effectiveness, a set of objectives must be clearly stated. Finally, detailed job descriptions, evaluations and market data such as salary, employee benefits and wellness will be needed to finalize its design. The aforementioned process facilitates the implementation of an effective C&B policy. The result, as measured by certain key performance indicators and qualitative observations, is a net positive contribution to the company. Specifically, a decrease in sporadic sickness leave, delays and turnover as well as an increase in employee motivation, job applications from qualified external candidates and, perhaps most importantly, an improvement in the company’s net profit.
Language
  • French
Classification
Economics
Notes
  • Haute école de gestion Genève
  • Economie d'entreprise
  • hesso:hegge
License
License undefined
Identifiers
  • RERO DOC 330009
Persistent URL
https://sonar.ch/hesso/documents/315113
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