The old adage says life may not be fair, but that doesnt mean your compensation program should follow suit with rote interpretations of an archaic bell curve spreadsheet and matrix approach.
According to results from Hewitt’s global compensation survey of more than 6,000 large companies in 46 countries, the trend is increasing for rewarding top performers with variable pay programs.
WorldatWorks Five Reasons to Focus on Pay Equity explains why its important to focus on fair pay: risk mitigation. Its no longer just a matter of higher performance and retention of top talent, its the law.
How is your company handling the issue? Aberdeen Group and Taleo are sponsoring the 2010 benchmark study on Employee Performance Management and Compensation. The report will allow your organization to benchmark performance management practices against your peers and best-in-class companies. Complete the survey and youll receive a complimentary copy of the final report.
To learn more in the meantime, download Performance-Driven Compensation: The Corporate Talent Insurance Policy from Taleo Research.
