Compensation

Compensation

Compensation is one of the critical pieces of the integrated talent management system. It ties together employee learning, assessments, goals, and key performance metrics to allow for the development of a true pay-for-performance organization. Organizations link these key processes to provide a dynamic compensation adjustment process based on a wide range of strategies and different types of workers, including long-range compensation, short-range compensation, hourly/salaried, commissioned employees, and bonus eligibility.

Why Talent Management?

Human capital is the most valuable asset in the business and one that is increasingly being treated as a strategic imperative for long-term organizational success.

These are just a few of the challenging questions being asked about talent in today’s workplace:

  • How can we tie training programs to employee development plans and organizational goals?
  • Which business units are meeting their performance goals?
  • Why are we losing our best performers?
  • Which employees are positioned for leadership roles?
  • How do we account for the emergence of Gen Y and the retirement of the Baby Boomers?
  • How can my employees keep up with rapidly changing information?
  • How can we give employees input into career development?
  • What data do we need to build a real pay-for-performance culture?