Don’t miss these key elements of compensation management that can simplify the process and save you money
9 Elements of Compensation Management You Shouldn’t Overlook
Don’t be fooled — compensation management is more than just payroll. As such a critical aspect of any company’s success, there’s a lot to stay on top of, and it can be easy to neglect some of the less common topics of conversation when it comes to employee incentives and compensation programs.
This white paper highlights nine elements you should consider when developing a compensation philosophy for your organization or explaining policies to the workforce. You’ll find invaluable tips for building the most robust and effective compensation strategy possible, including:
- Defining the full scope of compensation for your business
- Leveraging automation
- Getting an edge on communication with employees