Is your compensation philosophy robust enough to drive a strategic compensation plan?
Every strong compensation plan is built on a thorough compensation philosophy. The compensation philosophy clearly communicates how pay strategies support the organization’s business goals and live out its values. It’s the why that drives the plan’s what.
A shallow or hasty compensation philosophy can lead to misaligned pay decisions, missed recruiting opportunities and less-motivated employees. Does your compensation philosophy have what it takes to go the total rewards distance? Let’s find out!