Recession leads firms to rip up their reward strategies

Brockett, James
February 2009
People Management;2/12/2009, Vol. 15 Issue 4, p8
The article reports on the impact of the recession on the reward strategies that were created by British companies in better times. According to the Chartered Institute of Personnel and Development (CIPD), employer are dismantling their reward strategies. Charles Cotton, CIPD adviser, claims that a planning horizon of months rather than years is adopted by more organisations, including the airline British Midland Airways Ltd. (BMI).


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