Compensation Strategy and Design
Organizations should have a meaningful approach to how they reward employees. This shows up as Total Rewards. An overall organizational philosophy that connects strategy to culture to retention and growth is a best practice. Leadership For Leaders will help you design an approach that meets your organizational needs. Elements may include new hire pay, promotion pay, benefits, market value, bonuses, merit pay, and other organizational factors.
Benefits Include —
– Improved equity and fairness
– Improved compliance
– Improved stewardship of resources
– Improved transparency
– Improved decision making
– Improved employee morale
– Improved alignment with strategy