As an HR professional in a small to mid-sized organization, many of us practitioners find that we can stay on top of compensation challenges on a one-off basis. However, at a certain point, managing each of these individual situations as a unique project becomes an ineffective use of our time and resources. This “certain point” varies from organization to organization and from HR professional to HR professional. Creating a formal compensation program can improve efficiency, improve employee morale, ensure equal treatment for all employees across your organization and help with recruitment efforts.
During this webcast, we’ll discuss the reasons for creating a formal compensation program and how to enlist the support of your company leaders for this mandate. We will talk about how to develop a compensation philosophy and the key components of a guiding document. We’ll also discuss the tools you’ll need to create and maintain a program. We’ll conclude with tips on how to integrate your new program with your existing performance management program.
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