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Prosper Consulting, LLC

  • Services
    • HR & Compensation Consulting
    • Career & Pay Negotiation Coaching
    • Workshop & Speaking Topics
  • About
  • Community
  • Careers
  • Contact
  • Resources
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Compensation: A Business Case Framework & Prioritization

August 7, 2023 Denise Liebetrau

When I partner with an employer, I look for ways to improve their performance using compensation programs and communications.

That means that there are problems to solve. 

And sometimes the most difficult step in the process is determining what to solve first.

I use a business case framework focused on the following:

1.      Problem Statement

2.      Current State

3.      Future State

4.      Alignment to Business Goals

5.      Action Plan to Bridge the Gap

You can use the following two factors to think through prioritization:

1.      Effort – Low to High

2.      Impact – Low to High

Here is how the work can be categorized:

·        Quick Wins = High Impact, Low Effort = Complete more of these.

·        Big Projects = High Impact, High Effort = Manage and block your time to spend on projects.

·        Filler Tasks = Low Impact, Low Effort = Reduce your time spent on these tasks.

·        Hard Slogs = Low Impact, High Effort = Let go of these altogether.

Where are you spending your time today? This week? This month? This quarter? This year?

Planning is critical to success. So, is sustained effort on the right things.

#compensation #totalrewards #humanresources #businesscase #prioritization #planning #paytransparency #payequity #compliance

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