17
COMPENSATION
DEVELOPMENT
BENEFITS
WORK
ENVIRONMENT
{
Fixed&Variable Pay
{
Incentives
{
Bonus
{
Allowances
{
Training
{
SkillsDevelopment
{
Personal Development
{
Professional Development
{
Health& Life Insurance
{
Vacations
{
Provident Fund
{
Canteen etc.
{
Physical Environment
{
Social Environment
{
Thework itself
{
Recognition
TOTALREWARD
and doing so in an environment that is professional, posi-
tive, respectful and not least a fun place to be. The total re-
ward framework provides ameans of answering the ques-
Using this framework does not imply that, for example,
deficiencies in pay or benefits can be compensatedby great
opportunities to develop. Similarly, it does not mean that a
work environment which is unsafe, or features harassment
or intimidation, can be counter-balanced by high pay.
4 Cs OF JEWELLERY CRAFTING
Adiamond’s value is basedonacombinationof value
factors: Cut, Clarity, Colour andCaratweight. In summary the
industry refers to thesevalue factors as the fourCs. Inorder to
describe thehuman resourceperspectiveon thoseaspects of
theworkingenvironmentwhichhavecritical impact on
individual and teamperformance–and job satisfaction–
PANDORAProductionThailandhasdeveloped itsown fourCs:
tion “What is the total value for our staff of workingwith
PANDORA ProductionThailand?” and comprises of four fun-
damental elements:
CLARITY
We find it important that everyone in our team
have a clear idea of our vision, mission and values - Clarity.
They should have a clear idea of their roles and responsibili-
ties and how their role contributes tomeeting the needs of
our customers. Equally important is that everyone are clear
onwhat is expected of them and that they receive regular,
supportive feedback on how they are performing against
those expectations.
In addition to a comprehensive programme of formal
and informal communication relating to individual roles
and responsibilities, we also focus on providing up-to-date
and relevant company information to our colleagues so that
everyone can fully understand the context of their work, the
feedback from customers and gain a clear picture of
PANDORA’s global operating and financial performance.
CRAFTING
