When considering the A.P. Moller-Maersk Group study, Maersk established a compensation philosophy that would encourage quality, high performing talent to stay with the organization. After experiencing an increase in turnover, growth in business, and global expansion, Maersk’s executive members and HR leadership applied a people strategy session to focus on the company’s talent. As a result, the Maersk Group established a performance based compensation program. Divided into three groups, employees are classified by job performance and how their performance outcomes were attained. As stated in the study,
When considering the A.P. Moller-Maersk Group study, Maersk established a compensation philosophy that would encourage quality, high performing talent to stay with the organization. After experiencing an increase in turnover, growth in business, and global expansion, Maersk’s executive members and HR leadership applied a people strategy session to focus on the company’s talent. As a result, the Maersk Group established a performance based compensation program. Divided into three groups, employees are classified by job performance and how their performance outcomes were attained. As stated in the study,