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Compensation and Benefits
By Luke on December 10, 2011
The right methodology for salary benchmarking is a crucial know how for the compensation and benefits specialist. The managers do not trust the benchmarking methodology, if they do not understand the basic benchmarking principles. The salary benchmarking is important as the organization manages the internal equity and fairness and the external competitiveness. The compensation manager [...]
Posted in Compensation | Tagged compensation, Compensation and Benefits, compensation strategy |
By Luke on November 16, 2011
The planning session started. The HR and the compensation strategies are in a huge danger. The Finance Director can cancel all initiatives. The Finance Director does not cancel the strategy. He or she just put a simple stretch into the budget for next year. The run rate is the main driver for the financial planning. [...]
Posted in HR Comments | Tagged Compensation and Benefits, costs |
By Luke on November 6, 2011
The Compensation and Benefits guys are important HR employees. They manage major costs of Human Resources. They introduce compensation policies as the remuneration is purely performance driven, transparent and fair to all employees of the organization. Their role will become more strategic in the coming recession again. They are always under a pressure from managers, [...]
Posted in Compensation | Tagged C&B, Compensation and Benefits, recession |
Stretch here. Stretch there.
By Luke on November 16, 2011
The planning session started. The HR and the compensation strategies are in a huge danger. The Finance Director can cancel all initiatives. The Finance Director does not cancel the strategy. He or she just put a simple stretch into the budget for next year. The run rate is the main driver for the financial planning. [...]
Posted in HR Comments | Tagged Compensation and Benefits, costs | Leave a response