With millions of companies in the world today, each is unique to one another. No two companies are the same, hence why their way of paying employees differs as well. Different pay structures allow for a company to base an employee’s salary on what aligns with their companies mission as a whole. There are two different kinds of pay structures. A person focused pay structure rewards employees based on them acquiring new skills, knowledge, and competencies that will help them be more successful in their position. A job based structure focuses more on the responsibilities and skills required for the job itself.
I decided to analyze RXBAR. RXBAR is a snack brand that is primarily focused on simple ingredients that promote a healthy lifestyle. The employees at RXBAR are held to the same importance level as the product. They are focused on investing in their people, and promote training and career development heavily. By maintaining a flat structure, they encourage employees to collaborate and increase their knowledge for the product outside of work. It is crucial to them that each employee feels empowered to be their true self, making self development a top priority.
After looking at RXBAR’s website, reading their mission statement, and analyzing their company structure, I came to a conclusion that I feel a person based pay structure would benefit them. By rewarding their employees for bringing the ideals of the brand outside of work, they will be more likely to open doors to new and innovative ideas. Their brand is medium sized, but growing quickly and expanding from just the original ‘RX bar’ it began as. Employees educating themselves on things such as nutrition and physical activity could be a huge positive for their brand, and should be awarded within their pay structure.
