Reinforcing the Bridge between Business Strategy and Compensation Strategy
Get the compensation insights you need to move your business forward
Compensation strategies have changed rapidly, as companies attempt to keep up with an ever-changing business landscape. As a result, the bridge that links a company’s compensation approach to its overall business strategy may have been weakened.
The compensation experts at McDermott Associates have written this article to show you how your firm can examine the alignment between business and compensation strategies and then make the necessary changes to address any weaknesses.
In this article, you will learn:
- How compensation ties into the strategic planning process.
- Which key steps you need to take to check for alignment between business and pay strategies.
- What critical information your HR team needs so that they can effectively realign compensation when business strategy has shifted.
- Which common comp strategy pitfalls can keep companies from reaching strategic goals.
Start improving your compensation strategy today! Use the form to download this free article.