Total Reward

1
Total Reward

• Philip Rybakov, HR Director, JTI
• Chartered MCIPD

2

• 10
• 3 out of 5
• 3
• 2007
• 3
• 1
• 2
• 89

3
Total reward
Total Reward refers to all of the monetary,
non-monetary and psychological payments that an
organization provides for its employees in
exchange for the work they perform
J. Bratton and J. Gold HR Management, 2003
4
Total Reward

• Money
• Almost Money
• Not Money at all, but important for some people

5
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6
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8
Compensation

• TOP PAYER

9
Compensation

• P75 Strategy

10
Compensation

• 3 bonus schemes
• Quarterly Bonus only Sales
• Annual Bonus non Sales Functions
• Long-Term Incentive Plan Top Management

11
Benefits

• EARLY ADOPTER

12
Integration

• Eligibility
• Relocation Policy
• 32
• 2 times

13
Benefits
Benefit Market JTI
Medical Insurance
Medical Insurance for Family Members
Life/ Disability Insurance
Company Cars
Pension Fund 0
Increasing
Remain the same
14
Benefits
Benefit Market JTI
Company Loans 0
Mobile Phones
Sport Benefits
Lunch Compensation
remains at the same level
Increasing
decreasing
15
iMac

• Pfeffer research
• 7 Factors

J. Pfeffer The Human Equation 1998
16
Employment Security

• 0

17
Internal Labor Market

• 62

18
Workers Voice

• 1

19
Extensive Training

• 80

20
Reduction of Status Differentials

• 4

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Employer Brand

• 10

23
Other

• Work/Life Balance
• Office Environment
• Events
• Friendship
• Number of weddings

24
Thank you