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The Compensation Handbook, Sixth Edition: A State-of-the-Art Guide to Compensation Strategy and Design, 6th Edition by Dorothy Berger, Lance Berger

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Making Better Compensation Decisions in the Age of Big Data

DAVID B. TURETSKY

ADP Strategic Advisory Services

It is hard to imagine that we once lived in a world before ubiquitous computing power was available at our fingertips. Data manipulations that used to take days for mainframe computers that filled large, environmentally controlled rooms now can happen almost in an instant … on our smart phones.

Compensation has lived in a world of massive data sets for many years. In support of programs such as modeling incentives, merit increases, market surveys, and job evaluations, the compensation department has developed skills to manage such programs through a heavy reliance on analytically minded professionals. Whether the need arose out of ...

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