A compensation program gives employees a complete package of pay, rewards, and incentives. They are designed to appeal to employees and keep them at your company and, ideally, improve retention and job performance.
Diversity and inclusion are complementary terms that depend on each other. Diversity describes the variation in personal, physical, and social characteristics that exist, while inclusion refers to the procedures organizations implement to integrate everyone in the workplace.
There are some basic concepts that should be followed in any conversation with our employees but for the compensation conversation it is essential that we are as transparent and truthful as we can be.
The phrase “getting the right people, in the right place, with the right skills, at the right time, and at the right cost” is synonymous with the most common type of long-term forecasting: strategic workforce planning.
There are some basic concepts that should be followed in any conversation with our employees but for the compensation conversation it is essential that we are as transparent and truthful as we can be.