The collection of decision, approaches, and activities that allow an organization to
complete and win.
Business Strategy
Focusing business priories on providing a lower-cost product or service.
Cost Leadership Strategy
Providing innovative, exceptional, and high quality products and/or services to
customers.
Differentiation Strategy
Targeting business priorities toward addressing a specific section of the market
Niche-Focused Strategy
Employing a combination of cost-leadership, differentiation and niche-focused business
strategies.
Hybrid Strategy
Capabilities, activities, customer perceptions and market positions that allow an
organization to out-compete its rivals.
,Critical Success Factors
The combination of pay forms, plans, policies and practices that enable long-term
organizational performance.
Total rewards strategy
Specifies the type, level and combination of rewards offered to employees.
Total Reward Content Strategy
The reward forms offered (cash, benefits, etc.) and the way in which they relate to each
other.
Reward Form Combinations Strategy
How much is being offered?
Reward Level Strategy
The reward can be defined.
Absolute level
, States the rewards strategy as greater than, equal to, or less than some labor market
reference point.
Relative Level
Human Resources makes all the decisions
Centralized approach
Decisions are made by the employee's immediate supervisor or manager.
Decentralized approach
The process of systematically analyzing positions that result in completed work in
organizations.
Job Analysis
The job analyst asks the job incumbent preset questions about the content, skills
needed and time spent on activities in the job.
Traditional interview method
complete and win.
Business Strategy
Focusing business priories on providing a lower-cost product or service.
Cost Leadership Strategy
Providing innovative, exceptional, and high quality products and/or services to
customers.
Differentiation Strategy
Targeting business priorities toward addressing a specific section of the market
Niche-Focused Strategy
Employing a combination of cost-leadership, differentiation and niche-focused business
strategies.
Hybrid Strategy
Capabilities, activities, customer perceptions and market positions that allow an
organization to out-compete its rivals.
,Critical Success Factors
The combination of pay forms, plans, policies and practices that enable long-term
organizational performance.
Total rewards strategy
Specifies the type, level and combination of rewards offered to employees.
Total Reward Content Strategy
The reward forms offered (cash, benefits, etc.) and the way in which they relate to each
other.
Reward Form Combinations Strategy
How much is being offered?
Reward Level Strategy
The reward can be defined.
Absolute level
, States the rewards strategy as greater than, equal to, or less than some labor market
reference point.
Relative Level
Human Resources makes all the decisions
Centralized approach
Decisions are made by the employee's immediate supervisor or manager.
Decentralized approach
The process of systematically analyzing positions that result in completed work in
organizations.
Job Analysis
The job analyst asks the job incumbent preset questions about the content, skills
needed and time spent on activities in the job.
Traditional interview method
