REWARD STRATEGY
Devising a new reward strategy at Tibbett & Britten -- IRS case study
Multinational logistics firm Tibbett & Britten Group is seeking to bring internal consistency to reward across its operations in 35 countries, according to a case study published by IRS.
The majority of TBG's 35,000-strong workforce worldwide has been transferred from customers such as Debenhams, Homebase and IBM. Their pay and grading structures, incentives and benefits varied markedly. In an attempt to bring a measure of consistency, the company has drawn up a list of ten reward principles, which range from paying for performance through to creating clear career reward paths and development opportunities.
What you will find in this five-page case study by IRS:
process of reviewing pay and benefits arrangements at TBG -- initially focused on the population of 3,000 managers
ten reward principles that form the heart of the reward strategynew UK grading structure based on five broad job levels and job family structure
new discounted benefits package.
Want to know more?
Title: "Developing a global reward strategy at Tibbett & Britten", IRS Employment Review 804/Pay and Benefits, 23 July 2004.
Availability: Contact the subscriptions department at IRS in London, tel: 020 8686 9141 or visit www.irsemploymentreview.com