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Strategic Compensation Framework Overview

Chapter 2 discusses a strategic framework for compensation, emphasizing the importance of aligning compensation systems with organizational strategies and structures. It outlines three main managerial strategies—classical, human relations, and high-involvement—and their implications for compensation systems. The chapter also highlights the impact of contextual variables such as environment, technology, and workforce characteristics on selecting the most appropriate managerial strategy.

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0% found this document useful (0 votes)
8 views38 pages

Strategic Compensation Framework Overview

Chapter 2 discusses a strategic framework for compensation, emphasizing the importance of aligning compensation systems with organizational strategies and structures. It outlines three main managerial strategies—classical, human relations, and high-involvement—and their implications for compensation systems. The chapter also highlights the impact of contextual variables such as environment, technology, and workforce characteristics on selecting the most appropriate managerial strategy.

Uploaded by

chang ji
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

Chapter 2

A Strategic Framework for


Compensation

Copyright ©2021 by Top Hat 2-1


Learning Outcomes
(Slide 1 of 3)
• Understand the concept of “fit” and explain why a
compensation system that is a success in one firm
can be a failure in another.
• Explain how the strategic framework for
compensation can be used as a tool for designing
effective reward and compensation systems.
• Describe the main sets of elements in the strategic
compensation framework, and explain how they
relate to one another.

2-2
Learning Outcomes
(Slide 2 of 3)
• Describe the three main managerial strategies that
organizations can adopt, and explain their
implications for compensation system.
• Describe the main determinants of managerial
strategy and explain how they can be used to select
the most appropriate managerial strategy.

2-3
Learning Outcome
(Slide 3 of 3)
• Analyze any organization to determine the most
appropriate managerial strategy for that organization

to adopt.
• Discuss how conditions in North America changed
during the 20th century, and explain how this has
affected today’s managerial and compensation
strategies.

2-4
Effective Compensation Systems
• A Tale of Two Firms: ArcelorMittal Dofasco
and Koch Foods

Which compensation system


is the most effective?

Copyright © 2021 by Top Hat 2-5


A Strategic Framework for
Compensation
• Vision – desired future state
• Mission – reason for existence
• Values – principles, beliefs, and attitudes
• Vertical fit – alignment of strategies at
different levels
• Horizontal fit – alignment of strategies at the
same level

Copyright © 2021 by Top Hat. 2-6


Strategy and the Concept of Fit
• Business strategy
– plan for achieving goals
• Organizational structure
– means through which an organization generates the
behaviours necessary to execute its business strategy
• Contingency approach to organizational design
– an approach based on premise what the best type of
structure depends on the key contingencies (contextual
variables)

Copyright © 2021 by Top Hat. 2-7


Figure 2.1
A Strategic Framework for
Compensation

Copyright © 2021 by Top Hat 2-8


Assessment Question 2.1
An company’s human resource management
functions, such as recruitment, training, and
performance management, are all focused on
helping its organizational objectives. What is this
alignment of strategies called?
a. best fit
b. vertical fit
c. operations alignment
d. horizontal fit
Copyright © 2021 by Top Hat 2-9
A Strategic Framework:
Structural Variables
• Structural variables
– Reward system
– Job design
– Coordination and departmentation
– Decision-making and leadership structure
– Communication and information structure
– Control structure

Copyright © 2021 Top Hat 2-10


A Strategic Framework:
Managerial Strategy
• Managerial Strategy
– One of the three main patterns or combinations of
structural variables that can be adopted by an
organization:
1. Classical
2. Human relations
3. High-involvement

Copyright © 2021 by Top Hat. 2-11


A Strategic Framework:
Contextual Variables
• Contextual variables
– Factors in the firm’s context that indicate the most
appropriate managerial strategy and
organizational structure
• Organization’s environment
• Business strategy
• Technology
• Size
• Workforce

Copyright © 2021 by Top Hat 2-12


Assessment Question 2.2
Which of the following is not considered a
structural variable under the strategic
framework of compensation?
a. job design
b. business strategy
c. control system
d. reward system

Copyright © 2021 by Top Hat 2-13


Comparison of the Three Managerial
Strategies
(Slide 1 of 4)
Classical Human Relations High-Involvement
Structural Variable Managerial Managerial Managerial
Strategy Strategy Strategy
Similar to classical, Joint planning and
Thinking separate
but job design may goal setting;
Job Design from doing; narrow,
allow more social broader, more
fragmented jobs
contact meaningful jobs
Strict, formalized Horizontal
pyramidal hierarchy coordination (by
emphasizing employees) in
accountability; Similar to classical; addition to vertical
Coordination and
vertical possibly use of coordination; use of
Departmentation
coordination (by some work teams work teams;
superiors); departmentation by
departmentation by product, customer,
function project, or matrix
Copyright © 2021 by Top Hat 2-14
Comparison of the Three Managerial
Strategies
(Slide 2 of 4)
Classical Human Relations High-Involvement
Structural Variable Managerial Managerial Managerial
Strategy Strategy Strategy
Internal—through
External—through External—through
intrinsic rewards
supervision, rules, use of social or peer
from the work itself,
Control punishments, and pressure, rules,
self-control through
some extrinsic some extrinsic
internalized
rewards rewards
commitment
High amount of
vertical and
Use of formal and
horizontal
Formal and vertical; informal (grapevine)
Communication communication;
restricted communication;
less formal; climate
some restriction
of open
communication
Copyright © 2021 by Top Hat 2-15
Comparison of the Three Managerial
Strategies
(Slide 3 of 4)
Classical Human Relations High-Involvement
Structural Variable Managerial Managerial Managerial
Strategy Strategy Strategy
Autocratic decision Participative or
Autocratic decision making with minor democratic decision
Decision Making making; task- consultation; style; both task- and
and Leadership oriented; controlling employee-oriented; employee-oriented;
supervisory role controlling facilitator
supervisory role supervisory role

Copyright © 2021 by Top Hat 2-16


Comparison of the Three Managerial
Strategies
(Slide 4 of 4)
Classical Human Relations High-Involvement
Structural Variable Managerial Managerial Managerial
Strategy Strategy Strategy
Intrinsic rewards
Extrinsic economic from job itself; pay
Extrinsic economic
rewards, unrelated for knowledge;
rewards related to
to performance; extrinsic rewards
individual output
liberal fringe focusing on
Reward systems (e.g., piece rates,
benefits (indirect group/organization
commissions) or to
pay) and loyalty performance (e.g.,
time worked (e.g.,
rewards; social gain sharing, profit
hourly pay)
rewards sharing, stock
ownership)

Copyright © 2021 by Top Hat 2-17


Which Management Strategy Would You Use
for Narrow Job Design?

Monty Rakusen/Getty Images

Copyright © 2021 by Top Hat 2-18


Interrelationships Among
Structural Variables
• Some elements are
complimentary, others
serve as substitutes for
others
– A single managerial
strategy is usually more
effective than an
inconsistent mix of
structural elements © [Link]/PeopleImages

Copyright © 2021 by Top Hat 2-19


Organizational Culture

Guiding
beliefs
Core values

Understandings

CULTURE
Copyright © 2021 by Top Hat 2-20
Determinants of the Most
Appropriate Managerial Strategy
Environment

Nature of
Corporate
the
strategy
workforce
Contextual
variables

Organization
Technology
Size

Copyright © 2021 by Top Hat 2-21


Environment
• Most important of the contextual variables
– Stable or unstable?
– Simple or complex?
• These combinations determine the most
effective approach

Copyright © 2021 by Top Hat 2-22


Corporate Strategy
Miles and Snow
• Defender
– dominating a narrow product or service market segment
• Prospector
– identifying and exploiting new opportunities quickly
• Analyzer
– exploiting new opportunities at a relatively early stage
while maintaining a base of traditional products or
services
• Reactor
– firms that do not practise any distinct overall strategy
Copyright © 2021 by Top Hat 2-23
Technology
• Set of procedures and resources an organization
uses to transform resources to usable products and
services
– Type of production processes
– Routine or non-routine
– Small or large batch
– Implication for workforce capabilities
• Technology can serve as a source of competitive
advantage and influence the managerial and
compensation strategies to be used.
Copyright © 2021 by Top Hat 2-24
Organization Size
• Large organizations generally use classical or
human relations strategies
• Easier to implement high involvement in a
small- to medium-sized organization
– The larger the organization, the greater the need
for some formal structure
• Hewlett-Packard has traditionally used this
approach

Copyright © 2021 by Top Hat 2-25


The Nature of the Workforce
• Highly skilled, well-educated, or professional
employees are more suited to the high-
involvement organization
• High-involvement strategy requires these
characteristics because of the broad job and
decision-making responsibility expected of
employees

Copyright © 2021 by Top Hat 2-26


Nature of the Workforce:
Classical
• Classical organizations are specifically
designed to use employees with relatively low
skill levels, and because of their approach to
motivation and control, these organizations
are most suited to workers who badly need
the money the job provides

Copyright © 2021 by Top Hat. 2-27


Nature of the Workforce:
Unions
• Role of unions
– Unions can have an effect on employee skills, their
tasks and responsibilities, and their expectations

Copyright © 2021 by Top Hat 2-28


Selecting the Most Appropriate Strategy
HIGH-
CONTEXTUAL VARIABLE CLASSICAL HUMAN RELATIONS
INVOLVEMENT
Environment
• Stable • Stable • Unstable
• Stability
• Simple • Simple or complex complex
• Complexity
Business Strategy
• Defender • Analyzer • Prospector
• Miles and Snow typology
• Low cost • Focused differentiator • Differentiator
• Porter’s typology
Technology
• Things • People • Ideas
• Product transformed
Size
• Any size • Any size • Small/medium
• Number of employees
Workforce
• Low • Moderate • High
• Skills/education
• Poor • Moderate • Good
• Economic circumstances
Copyright © 2021 by Top Hat 2-29
Assessment Question 2.3
Which of the following managerial strategies
would be suitable for a defender strategy, simple
and stable environment, and low-skilled workers
with poor economic circumstances ?
a. Human relations
b. Classical
c. High involvement
d. Mechanical
Copyright © 2021 by Top Hat 2-30
Assessment Question 2.4
Which of the following is likely to be offered to
employees by a company practicing a high-
involvement managerial strategy?
a. Overtime
b. Opportunity to grow professionally in the job
c. Output-based incentives
d. Strong control by managers

Copyright © 2021 by Top Hat 2-31


Trends in Managerial and
Compensation Strategies
• All three managerial strategies can be effective
if used in the right context
• How are circumstances changing in North
America, and how will these changes affect
the optimal choice of managerial strategy?

Copyright © 2021 by Top Hat 2-32


The Evolution of Managerial
Strategies
• Socioeconomic changes in Canada created
conditions that are more suitable for high-
involvement organizations and less suitable for
classical and human relations organizations
• Educational levels have increased
• Economic security and social security have
improved
• Social values have become more democratic
and egalitarian
Copyright © 2021 by Top Hat 2-33
Evolving Strategies
• All of these conditions work against classical
and human relations organizations
• Many classical firms have found developing
countries are a much better fit for their
preferred managerial strategy and have
moved operations there
• Human relations organizations tend to be as
rigid and inflexible as classical organizations

Copyright © 2021 by Top Hat 2-34


Trends in Compensation Systems
(Slide 1 of 2)

• More complicated pay systems


• Increase in pay-for-performance (profit-
sharing, employee share plans) during latter
part of 20th century
• Flexible benefit plans
• Gradual movement away from hourly pay to
salary

Copyright © 2021 by Top Hat 2-35


Trends in Compensation Systems
(Slide 2 of 2)

• Wage freezes/rollbacks, cuts to benefit plans,


increased use of two-tier wage systems
– Fell out of practice in late 1990s when economic
conditions improved, resurged in 2008-2009
during global financial crisis and recession
• Increased use of part-time, temporary, and
contract workers (“contingent workers”)
• Implementing noncash employee recognition
programs
Copyright © 2021 by Top Hat 2-36
Assessment Question 2.5
Which of the following is not a recent trend in
compensation system?
a. Trend towards noncash employee recognition
programs
b. More complicated pay systems
c. Increase in performance-based pay
d. Non-flexible benefit plans

Copyright © 2021 by Top Hat 2-37


Discussion Question
• Read “The Fit Stop Ltd. Case on page 478 in
the Appendix. Which managerial strategy
would be the most effective for this firm?

Copyright © 2021 by Top Hat 2-38

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