|Does Structure Really Hamper Effective Pay Decisions?
It’s winter and no one will blame you if have thoughts of cruising the Caribbean. Cruising offers an interesting analogy to pay policy structure. All passengers will board the same cruise ship and reach the same planned destination, but no two passengers will have the exact same experience during their several days at sea. Though the framework is the same, a cruise ship offers a flexible experience for its customers.
Flexibility with structure is good! There is a misconception that an adopted pay policy program will limit pay decision flexibility by executives and managers. A common refrain we hear is “I need to have the freedom to reward talent”. But managers must understand that with freedom comes responsibility, to all stakeholders.
Executives need to exercise freedom from within a structure that ensures consistency AND equity. Combined these characteristics promote:
Learn how to exercise freedom with responsibility.
|Complimentary Webinars –
Critical Concepts – Compliance Primer: Making Sense of the ‘Alphabet” Soup. Thursday Jan. 20th at 10AM (CST)EEOC, OFCCP, Lily Ledbetter, FLSA, ADA, etc. Which ones do you need to understand fully to thrive? There is a continuing emphasis on reducing pay inequity that must be considered strategically as a foundation for any comprehensive compensation policy.Please join us for this complimentary webinar to learn ways to establish a a philosophy that fits with your company’s goals. Start the New year off right by implementing your own strategic compensation philosophy in 2011.
On-line Demo – DBCompensation. Thursday Jan 27th at 10AM (CST)
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