Five Steps to Simplify Your Compensation Program
JANUARY 10, 2017
As compensation professionals we are often asked if there are alternatives to simplify the method by which compensation decisions are made and communicated within an organization. The following are five basic ways to simplify the complexities of compensation. Employees are placed into the classification and level based upon their competency levels and ability to perform the complexity required. Bonuses represent an amount of pay that is ‘at risk’ every year.