Compensation surveys and pay for performance programs are hot, according to a recent survey conducted by BLR. The survey asked professionals to rank compensation topics in terms of their topicality and current usefulness.
Compensation surveys rank most important, followed by pay for performance programs and compensation plans by industry. Other topics that are considered to have high to medium importance include incentive compensation, market studies/ analytics, and bonus plans vs. incentive plans.
Sales compensation eligibility guidelines and sales compensation strategies are considered the least important topics, according to the survey.
Compensation and benefits surveys can be extremely useful to organizations. Survey results can help employers plan by showing past practices and future trends. To stay on top of compensation and benefits best practices, visit the survey section on Compensation.BLR.com.