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In our first issue of 2012, we talk about Compensation Plans and how to communicate compensation to your employees. Did you know that employees can be motivated by knowing there is a lot of room to grow in their industry or job position?
So, having a transparent, explainable compensation plan can serve multiple purposes, from helping your staff understand where they fit into the organization and to helping employees with their career development planning - and even explaining your compensation system for M&A planning.
If you have ever had to explain why different individuals were given differing starting pay for the same position, you understand the challenges surrounding this topic. The article, 4 Tips on Communicating Your Compensation Plan to your Employees will help you walk through this tough task.
Please call me if we can be of assistance to your company in developing and communicating your 2012 compensation strategy.
Best,  Amy Polefrone, President HR Strategy Group, LLC 410-505-8723
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