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The survey explored various aspects of compensation strategy, including how compensation strategies are adjusted in response to different economic conditions, the role of employee feedback in shaping it, and its impact on employee motivation and engagement .

How does this relate to compensation management in the real world?

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Save Reuse Permission One of the top three challenges organizations face in implementing pay transparency is a lack of manager capabilities to understand and explain compensation programs and practices, according to Mercer’s Global Pay Transparency Report.

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They also ensure that compensation plans are clear and well-understood by sellers: 70% formally assess plans for seller comprehension, and leaders are 15% more likely to effectively execute these programs.

Terry is a recognized thought leader and accomplished Human Resources executive specializing in Total Rewards strategy, executive compensation, and HR transformation.

Research: Compensation Structure Policies and Practices “Mature compensation management practices, which begin with compensation strategy and equitable pay structures, are no longer optional,” said Amy Stewart, associate director of content at Payscale and author of that company’s new report.

The elimination of tiered compensation structures won by unions such as UAW could affect compensation/reward structures for organizations that have such a strategy in place going forward.