Compensation
PUZZLES in IT
Lesya Bobyk, HR Director at SoftServe Inc,
For HT IT Conference
What wakes your company CEO
up at night?
MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF-
ACTUALIZATION
MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF-
ACTUALIZATION
MOTIVATION
SATISFACTION
RETENTION
ATRACTION
SELF-
ACTUALIZATION
Wage
Salary
Reward
Compensation
Reward System
Intrinsic
Rewards
Extrinsic
Rewards
Nonfinancial Financial
Direct
Compensation
Base
Wage/Salary
Merit &
Ince...
Wage & Salary
Factors Influence
Wage and Salary Structure
Organization’s ability
to pay
Supply and demand
for labor
Prevailing market...
Salary Determination Process
Step1
Job
Description
Step2
Job
Evaluating
Step3Salary
Market
Analysis
Step4
Salary
Structure...
Wage &
Salary
Concept
Performance
Based
Grades
Based
Competency
Based
Wage and Salary Review Process
Monthly Salary Review Meeting
Employee’s
Salary
Line
Manager
Employee
Career
Advisor
Wage and Salary Review Process
Salary Review Rules
Employee’s
Salary
Salary
Review
Reason
Next Salary
Review
Steps
Salary
...
Wage and Salary Review Process
Salary Communication Rules
Why!
How
much!
Why!
Next
Steps!
Merit & Incentives
Short Term
• Technical
Interviewer
• Internal Trainer
• Competency
Expert
• Referral Bonus
• etc
Long Term
• Performance
B...
Individual Managerial Corporate
Piece Rate Gain Sharing Profit Staring
Bonuses Quality Improvement ESOP
Special Recognitio...
Key Compensation Metrics
• % Salary of Revenue
• Average Salary
• Above Salary Ranges
Company-Related Outcomes
Forecasting ability
Workforce flexibility
Increase
effectiveness of work
teams
Increase emplo...
HR-Related Outcomes
 Job evaluation needs
endorsement from
management
Compensation policy
education
 Periodical policy
...
People do what they do to satisfied their needs
Long term security vs. sudden higher $sum
What you see is not what you ...
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"
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HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"

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HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"

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HR-IT'2013. Леся Бобык. Доклад "Компенсационные пазлы в It"

  1. 1. Compensation PUZZLES in IT Lesya Bobyk, HR Director at SoftServe Inc, For HT IT Conference
  2. 2. What wakes your company CEO up at night?
  3. 3. MOTIVATION SATISFACTION RETENTION ATRACTION SELF- ACTUALIZATION
  4. 4. MOTIVATION SATISFACTION RETENTION ATRACTION SELF- ACTUALIZATION
  5. 5. MOTIVATION SATISFACTION RETENTION ATRACTION SELF- ACTUALIZATION
  6. 6. Wage Salary Reward Compensation
  7. 7. Reward System Intrinsic Rewards Extrinsic Rewards Nonfinancial Financial Direct Compensation Base Wage/Salary Merit & Incentives COLA ( or CCA) Indirect Compensation Day- offs/Vacation Protection programs Employee Services & Perks
  8. 8. Wage & Salary
  9. 9. Factors Influence Wage and Salary Structure Organization’s ability to pay Supply and demand for labor Prevailing market rate Cost of living Job requirements Managerial attitudes Psychological and sociological factors
  10. 10. Salary Determination Process Step1 Job Description Step2 Job Evaluating Step3Salary Market Analysis Step4 Salary Structure Step5 Salary Payment
  11. 11. Wage & Salary Concept Performance Based Grades Based Competency Based
  12. 12. Wage and Salary Review Process Monthly Salary Review Meeting Employee’s Salary Line Manager Employee Career Advisor
  13. 13. Wage and Salary Review Process Salary Review Rules Employee’s Salary Salary Review Reason Next Salary Review Steps Salary Ranges Frequency % Increase
  14. 14. Wage and Salary Review Process Salary Communication Rules Why! How much! Why! Next Steps!
  15. 15. Merit & Incentives
  16. 16. Short Term • Technical Interviewer • Internal Trainer • Competency Expert • Referral Bonus • etc Long Term • Performance Bonus • Profit Sharing • Stock Options • Period of Services • etc M&I Category
  17. 17. Individual Managerial Corporate Piece Rate Gain Sharing Profit Staring Bonuses Quality Improvement ESOP Special Recognition Cost Reduction Deferred Compensation M&I Levels Difference
  18. 18. Key Compensation Metrics • % Salary of Revenue • Average Salary • Above Salary Ranges
  19. 19. Company-Related Outcomes Forecasting ability Workforce flexibility Increase effectiveness of work teams Increase employee’s output per month Career-enhancement opportunity
  20. 20. HR-Related Outcomes  Job evaluation needs endorsement from management Compensation policy education  Periodical policy review Take feedback from people
  21. 21. People do what they do to satisfied their needs Long term security vs. sudden higher $sum What you see is not what you get As you sow, so you reap To the End

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