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Innovative Compensation and Benefits Strategies in Leading Companies

Explore how Johnson, Cigna, and Home Depot address compensation and benefits, from employee-owned parks to personalized financial courses. Discover challenges faced by HR managers and creative solutions to motivate employees effectively.

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Innovative Compensation and Benefits Strategies in Leading Companies

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  1. MODUL 14Case : Compensating Workers through Pay & Benefits Matakuliah : J0124/Manajemen Sumber Daya Manusia Tahun : 2005 Versi : revisi

  2. Learning Outcomes After studying this chapter, the students should be able to : • choose the compensation packages that fit the company’s need

  3. Outline • Background the problems • Johnson company • Cigna company • Home Depot company

  4. Background of problems • HR managers face a wide range of challenges in helping their orgz. Determine what types of compensation & benefits best suit their employees’ needs • HR managers & other executives must come up with creative ways to motivate & empower employees through compensation & benefit plans

  5. Johnson company • Has a company-owned • Employee-directed 146-acre park with an outdoor recreation center • Childcare center • Softball fields • Tennis court • Also offers a paid sabbatical program

  6. Cigna company • Employs 33,000 people worldwide • Combines a variety of traditional & alternatives benefits • Medical & dental insurance • Also offers flexible work arrangement • Health & wellness programs • A tuition reimbursementprogram for workers who want to continue their education

  7. Home Depot company • Home Depot has recently launched a new type of class for employees • An in-house course in personal finance

  8. Closing • Each company has its compemsation & benefit programs to motivate and fulfill employees’ needs

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