Design parameters of multidimensional reward system based on preference analysis of students of business information systems at the University of Applied Sciences and Arts Northwestern Switzerland
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Authors
Author (Corporation)
Publication date
2021
Typ of student thesis
Course of study
Type
04B - Conference paper
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Parent work
Society 5.0. First International Conference, Society 5.0 2021, virtual event, June 22–24, 2021. Revised selected papers
Special issue
DOI of the original publication
Link
Series
Series number
Volume
1
Issue / Number
Pages / Duration
37-45
Patent number
Publisher / Publishing institution
Springer
Place of publication / Event location
Cham
Edition
Version
Programming language
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Practice partner / Client
Abstract
In Switzerland, there is currently a major shortage of skilled workers in many companies and organisations. A particular bottleneck can be seen in the area of IT professions. The lack of qualified employees is a challenge for future education and training and intensifies the current competition for today's necessary and urgently sought talent in the IT sector. In this context, it will be crucial in the future how attractive and individualized compensation systems can be designed for potential employees. Needs-based compensation packages should help to attract and ultimately retain future IT professionals. The aim of this study is to measure the preferences of students of business informatics at the FHNW to analyse which elements of total rewards management are crucial for the choice of a future employer. The results will help companies optimise the total rewards system according to their needs or include those factors that can be expected to provide the best benefits for future employees. Thus, not only the total monetary value, but also the composition of financial and non-financial elements must be included in this overall consideration.The aim is to provide decision-makers in organisations with targeted information that will allow them to design optimal incentive packages to be an attractive employer for students of business informatics or potential employees in the informatics field.
Keywords
Subject (DDC)
330 - Wirtschaft
Event
Society 5.0 - Integrationg digital world and real world to resolve challenges in business and society
Exhibition start date
Exhibition end date
Conference start date
22.06.2021
Conference end date
24.06.2021
Date of the last check
ISBN
978-3-030-86760-7
978-3-030-86761-4
978-3-030-86761-4
ISSN
Language
English
Created during FHNW affiliation
Yes
Strategic action fields FHNW
Publication status
Review
Peer review of the abstract
Open access category
Closed
License
Citation
HEIMSCH, Fabian und Erhard LÜTHI, 2021. Design parameters of multidimensional reward system based on preference analysis of students of business information systems at the University of Applied Sciences and Arts Northwestern Switzerland. In: Aurona GERBER und Knut HINKELMANN (Hrsg.), Society 5.0. First International Conference, Society 5.0 2021, virtual event, June 22–24, 2021. Revised selected papers. Cham: Springer. 2021. S. 37–45. ISBN 978-3-030-86760-7. Verfügbar unter: https://irf.fhnw.ch/handle/11654/43076