CHAPTER 7

COMPENSATION

It’s well known that employee compensation accounts for one of an organization’s most significant investments. Depending on the industry, compensation costs can range anywhere from 30 to 70 percent of an organization’s total expenses. Given the size of that investment, it stands to reason that reward professionals would be among the most strategic, creative, and analytical leaders in the HR space as it relates to rewarding, retaining, and engaging top talent in support of business strategy. While that may be the case in some high-performing organizations, the reality is that reward leaders of this kind are in the minority. Most are taught and encouraged to act conservatively, to compensate all employees equally, to be ...

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