Reward strategy | Description | Strategic impact |
Individual output | Rewards linked to individual effort, productivity and quality. | Encourage efforts for individual work |
Group output | Rewards linked to unit or group productivity. | Encourage teamwork and collective effort. |
Human capital | Rewards linked to education, skills and competence. | Encourage skills development and flexibility. |
Position | Rewards based on work value or on the role of the company | Encourage the development of specialized skills |
Market | Rewards based on salary assessment, cost of living and market practices. | Stimulate labor retention. |