2016 Resolution #1 – Educate Key Players on Compensation

Here’s more on Resolution #1 – Gaining Support from your Key Players!

The Compensation Times

Resolution #1 for 2016 –

Educate all of the key players in your organization about how employee compensation works, and how it should be used to improve organizational performance.

Moving to a more effective compensation program will improve performance throughout the organization, but Human Resources may be challenged in showing how the rest of the organization will benefit.  Rather than simply fighting with senior management every year explaining that the market has moved and we have to pay more, consider instead showing the value of actually managing this significant expense.

Make your financial executive your best friend rather than your enemy.   Finance folks deal with data, so speak their language.  Show that you have a sound and logical approach to compensation planning by defining exactly how each employee is to be compensated and why.  Give your CFO a way to budget for compensation by showing the current value of…

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About Edmund B. Ura

Edmund B. Ura, MAIR, JD, works with governing boards, executives and human resources staff to develop methodologies for ensuring fair and equitable compensation programs that support achievement of organizations' missions. Contact Ed at ebura@mercesconsulting.com.
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