How to Link Business Strategy to Compensation Strategy
For a company’s compensation strategy to be effective, it must be linked to the overall business strategy. Because compensation accounts for 30-60% of business costs,…
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How to Define Your Rewards Communication Strategy
In decades past, employee benefits were considered one of the key drivers for attracting the top employees in their field. Today, things have changed. People…
The Key Principles of Compensation
For the majority of organizations, the core principles of compensation involve striking a balance between paying in a way that is externally competitive and internally…
What is the Purpose of a Compensation Statement?
Compensation statements, also sometimes referred to as employee benefit statements or total reward statements, give employees an in-depth look at how they’re being rewarded. While…
