HR Compliance Library, ¶20,505, Benchmark: Pay program objectives at Honeywell, Inc.

摘要

At Honeywell, Inc., a decentralized compensation system makes each business unit at the company responsiblernfor designing a pay program, according to Daniel K. Lesh, director of corporate compensation at Honeywell. Butrnthe business units are not without guidance. Honeywell established six pay program "objectives" that are to berncommon to all pay programs, along with 16 pay "principles" that all programs should follow. These objectives andrnprinciples ensure that each Honeywell employee can expect the pay system at his or her business unit to buildrnupon and reinforce certain assurances based upon management philosophy. Each pay program is reviewed forrncompliance.