✦ LIBER ✦
Marriott makes the business case for an innovative total rewards strategy
✍ Scribed by Fischer, Karl ;Gross, Steven E. ;Friedman, Helen M.
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 139 KB
- Volume
- 22
- Category
- Article
- ISSN
- 1531-1864
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
Using a massive, five‐year database of its own employment history, Marriott found that the cost of
certain rewards was offset by lower turnover. And so it took a comprehensive look at its entire rewards program to
align compensation and benefits with its associates' needs; improve attraction and retention;
enhance productivity; and increase its return on the billions of dollars it invests annually in people. It
did this while demonstrating the bottom‐line impact of the resultant strategy. © 2003 Wiley
Periodicals, Inc.