There is nothing quite like gathering an organization's leaders around a table to debate what they intend to accomplish with the dollars the business spends on compensation - and then committing their agreement to paper - to bring clarity to reward design and administration. This is the exercise we like to call setting compensation philosophy.
But what should the content of this conversation be - and what questions will serve us best in getting the right information and commitments out of our leaders?
In my post today at the Compensation Cafe, I share some of my thoughts on questions for the compensation philosophy conversation. Hop over and respond with your suggestions and ideas!
Creative Commons image "The Thinker" by Erik Daniel Drost
The overall compensation philosophy is to provide the employees pay and benefits that are commensurate with other similar companies in the geographic region.
Posted by: mspy | March 01, 2012 at 06:16 AM