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Compensation Made Simple

By: Kenexa
Kenexa

Compensation is critical to keeping your work force motivated and attracting top talent to your organization. The objective of any compensation plan is to be internally equitable, externally competitive, affordable and appropriate. The plan must make sense in terms of your organization's objectives and be aligned with employees' values. This white paper explores some of the fundamental concepts in compensation including modeling pay around your company's business cycle, the importance of using market-based salary data and some advantages and disadvantages of the pay resources available to develop compensation plans. 

Tags : kenexa, compensation, fixed pay, variable pay, market pay, market pricing, pay structures, salary surveys
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Published:  Aug 31, 2011
Length:  2
Type:  White Paper