Compensation budget planning is one of the most impactful factors on an organization’s bottom line—you need to be strategic in how you approach it.
Employee-related costs are 55 percent of the average organization’s total costs. And your employees are often your organization’s biggest expense—while simultaneously being your biggest asset. The loss of employees (turnover) can be costly and the war for talent is more competitive than ever. This whitepaper will cover:
How to align your compensation budget to business objectives
How to build a compensation budget that drives business growth
How to approach your compensation strategy to address both retention and acquisition