Aligning Compensation Strategy
- Topics:
- Compensation Guide
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Overview: In recent years, the necessity for organizations to control labor costs, while at the same time increasing productivity and enhancing quality and customer service, has never been more urgent. The present competitive environment requires new strategies toward employee compensation, new management and employee practices, and new methods of educating employees to the shifting competitive environment that has brought about the necessity for these changes. Compensation decisions should be fully integrated into the organization’s business and operations strategy, through its compensation philosophy. The design of compensation systems should be subsequent to, and not precede, this key analysis and decision point. For the high performance firm, an appropriate level of employee involvement can further reinforce the organization’s general beliefs and values.
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Format: PDF | Size: 104KB | Date: Jan 2003 | Pages: 3
