Where do you begin when “setting up compensation” is your new assignment?

Begin with the executive team and a conversation about compensation philosophy that includes whether the organization will lead, lag, or lead-lag the market, which impacts how various parts of the compensation plan will be structured. There's a lot more to consider, though, when developing the plan structure and executing the implementation. For example, how do you evaluate positions and set up job grades and how do you know which benefits to provide to employees?

Introduction to Compensation: Comp 101 explains the basic elements of compensation planning in easy to understand terms and provides the guidance needed to set up an effective compensation program.

Related Topics

Filter Document Types:
Filter Dates: Applies to News & White Papers
167151index.aspxGuidance Compensation 101: Benefits  National
167182index.aspxGuidance Compensation 101: Compensation Administration  National
167920index.aspxGuidance Compensation 101: Designing Base Pay  National
167368index.aspxGuidance Compensation 101: Incentive Pay  National
167371index.aspxGuidance Compensation 101: Payroll  National
167370index.aspxGuidance Compensation 101: Retirement Plans  National
167934index.aspxGuidance Compensation 101: Termination  National
167375index.aspxGuidance Compensation 101: Wage and Hour Basics  National
168288tools.aspxPolicies Compensation Philosophy Template  National
167231index.aspxGuidance Glossary of Compensation Terms  National
155088tools.aspxCalculators Salary Budget Worksheet  National
Copyright © 2020 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on https://Compensation.BLR.com
Document URL: https://compensation.blr.com/resource-centers/Introduction-to-Compensation-Resources/