July 2024
Intermediate to advanced
192 pages
4h 11m
English
Content preview from Get Pay Right
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4. Compensation Philosophy and Strategy
Considering pay equity is an ideal time to look at your overall compensation philosophy and strategy. Is there a coherent set of values and criteria to explain why people make the compensation they make? If it’s complicated or messy, that’s absolutely normal. But it’s worth the time and effort to step back and review the organization’s approach to compensation and articulate what you’re trying to do with pay and assess if it’s working.
Pay Equity as Part of a Larger Compensation Strategy
A compensation strategy sets out the organization’s approach to pay and benefits. It establishes the guiding principles on compensation decisions and looks at pay in the context of the organization’s overall goals. Your ...
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