A Methodology for Effectively Communicating Compensation Programs
JOHN A. RUBINO
Rubino Consulting Services
A clear compensation methodology is a critical component of a compensation program. Even the most elegantly designed program will not achieve its desired purpose unless employees and managers understand and accept its provisions.
What is surprising is the lack of attention many companies place on communicating compensation. They should, however, pay more attention to communications because studies show that pay is consistently cited as one of the primary reasons, though not the only one, for accepting a position or staying with a company. Moreover, compensation can be either a powerful job performance motivator or an equally powerful ...