“It’s easier to ask for forgiveness than to ask for permission” the saying goes. You’re in charge of compensation & benefits for a country, for a region, or for the entire company and you want to be effective in your job which requires a balancing act: building trust and customer focus, yet ensuring control and … More Global vs. Local—striking the right balance
Good judgment comes from experience. Experience comes from bad judgment. –unknown Are you building or implementing a new grading structure at your company? You have an opportunity to improve fairness, consistency and “internal equity” as we rewards people say. A well-designed and managed level structure helps ensure “world peace” in our organisations. You have an opportunity to … More Top 7 Risks When Building a Grade Structure
Be honest. Of all your managers, how many are actually good at making pay decisions? Are you hand-holding your managers with Salary Increase Guidelines, compa-ratio guidelines, and rigid rules about when and how salary adjustments can be made? In this tightly controlled approach, is it even possible for managers to learn to think about market … More Are your managers making good pay decisions?