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Managing Reward Satisfaction of In-House Counsel: Lessons from an empirical study of in-house Counsel in Australia

Abstract

Perceptions of remuneration and reward can play an important role in employee behaviours, motivation, engagement, performance, retention and ultimately organisational productivity. They can also call into question the alignment between an organisation’s reward strategy and its broader organisational strategic goals. Accordingly, understanding and effectively managing reward satisfaction is an integral part of achieving an organisation’s broader strategic aims. So how should organisations manage reward satisfaction of in-house counsel?

Author

Portrait image of Michael Johnston
Michael Johnston
Group Head of Employee Relations & Special Counsel , Westpac Banking Corporation , Australia

Michael Johnston is Group Head of Employee Relations & Special Counsel for the Westpac Group. Michael advises Westpac Group companies globally on all aspects of employment and industrial law and related human resources and employee relations issues. Opinions expressed in this article are the author’s alone.

Company

Westpac Banking Corporation

Westpac Banking Corporation. Westpac's history as Australia's first bank - and first company - is a long and proud one. Established in 1817 as the Bank of New South Wales under a charter of incorporation provided by Governor Lachlan Macquarie, the bank became Westpac in 1982 after it merged with the Commercial Bank of Australia. Westpac Group's portfolio of financial service brands and businesses is focused on our vision to be one of the world's great service companies, helping our customers, communities and people to prosper and grow. From ensuring consumer customers can save and invest with confidence, to serving the financial needs of multi-national corporate, institutional and government clients, we put our customers at the centre of everything we do.

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