Reward Plan as Source of Strategic Advantage. Naturally.

I have the opportunity to work with a team of businesspeople planning a new venture.  Why?  Because...

They see talent management as the primary, if not sole source of competitive advantage in their industry;

They believe that a "best in class" reward program will be the linchpin of their talent management strategy; and

So, therefore, they feel that articulating a reward philosophy and defining the broad outlines of their reward program must be a centerpiece of their business plan.

Think this will catch on?

Comments

[Laura Schroeder]

I'm counting on it :-)

[E James (Jim/UncleJamie) Brennan]

We can always hope and dream.

[Ann Bares]

You may say I'm a dreamer. But I'm not the only one...

[Judy Clark, SPHR]

Netflix has a philosophy of being in the top 90% of pay and only hiring the top 10% of employees. They credit that with their growth, energy, and sense of engagement. They say that performance matters and that pay is a strategic advantage...they may be a living compensation lab for all of us to watch.

[Ann Bares]

Judy:

Nice call out - if we're smart, we will be watching and learning!

Thanks!

[James]

Yes, it's all about employees. They are the engine to the train. Zappos is another good example company that invests in employees, as well as Google.