An Effective Compensation Strategy

April 10, 2023 Denise Liebetrau

I am speaking to an audience of compensation professionals in a month and have been thinking about what is included in an effective compensation strategy.

This is what I came up with.

1. Aligned to Business Goals
2. Competitive, Equitable, Fair, & Within Budget
3. Performance-Based Incentives
4. Pay Transparency & Communications
5. Pay-Related Law & Regulation Compliance

What am I missing?

#compensation #humanresources #business #pay #payequity #paytransparency #fairpay #compliance