The Business Imperative to Modernize Compensation
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The compensation process is in need of a modern transformation. The corporate world has changed, and the demands on HR teams have changed with it. Blanket compensation plans and three percent raises are no longer good enough to ensure retention and healthy talent pipelines. Pay-for-performance, variable pay, and rising demands for transparency are making it crucial for companies to seriously consider modernizing their compensation strategy.
Get this report and learn these three core tenets that define a modern compensation program:
- Technology to increase efficiency
- Data to back up pay decisions
- Effective communication from line-managers
